(A) The purpose of this chapter is to provide health insurance benefits approved by collective bargaining agreements and PACT Employee Benefits and Personnel Policies for the welfare of the retirees of the city who are eligible to receive a retirement benefit from the City of Mt. Pleasant Police and Fire Retirement System.
(B) This chapter is created under the authority of the Public Employee Health Care Fund Investment Act, Public Act 149 of 1999, for the exclusive purpose of accumulating and investing funds to provide benefits through policies issued by duly licensed commercial insurance companies, through a fund of self-insurance, or through any other lawful means of providing group health insurance as determined by city decisions and in accordance with any and all applicable collective bargaining agreements between the city and applicable collective bargaining associations and PACT Employee Benefits and Personnel Policies, and for the benefit of the City of Mt. Pleasant Police and Fire Retirement System retirees who are eligible to participate in accordance with this chapter. The city intends the benefits to be provided by the establishment and maintenance of a fund in conformance with all applicable federal statutes and regulations, state and local law.
(C) The city reserves the right to enter into insurance agreements and to modify, alter or amend such agreements from time to time, with commercial insurance carriers, health maintenance organizations, preferred provider organizations or any other qualified entity currently existing or created for the purpose of providing benefits under this chapter.
(Ord. 886, passed 11-11-02)