(A) The Self-Insurance Fund is established to pay the town’s portion of the employees’ health and dental claims that are administered by Med Benefit Systems.
(B) The Self-Insurance Fund is funded by depositing once-a-month payments from the various departments of the town. This shall be done according to the department from which the employee’s bi-weekly salary is expended.
(C) When the Self-Insurance Fund has a balance sufficient to cover all the town’s insured, the Clerk-Treasurer may cease to deposit monthly payments until such a time when they are needed again. (1992 Code, § 2-171) (Ord. 945, §§ 1 - 3, passed 7-22-1997)