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The DC Plans shall be construed and enforced under the laws of the State of Arizona and any federal law, rule or regulation applicable to a tax-qualified governmental retirement plan or a tax-deferred IRC Section 457 deferred compensation plan. The DC Plans are intended to be structured and operated as IRC Section 414(d) governmental plans or eligible IRC Section 457 deferred compensation plans, and both the DC Plans and this Article shall be administered in accordance therewith.
(Ord. 11937, § 1, 7-12-22)
Sec. 22-65(a). Amendment of DC Plans. The Board may alter, amend or modify any provision of the DC Plans to comply with applicable federal laws and to provide additional benefits, rights or features to Participants and beneficiaries; provided, however, that no amendment approved by the Board shall impact employer contributions to a DC Plan or have a material impact on the City's cost of maintaining a DC Plan. No amendment to a DC Plan shall diminish or infringe upon the vested rights of any Participant or beneficiary under a DC Plan. Any amendment submitted to the Board for approval must be reviewed and approved by legal counsel prior to adoption.
Sec. 22-65(b). Termination of DC Plans and Amendments Impacting City Costs. The Mayor and City Council may alter, amend or terminate a DC Plan at any time in their discretion. Any amendment to a DC Plan that will impact employer contributions to a DC Plan or have a material impact on the City's cost of maintaining a DC Plan must be approved by the Mayor and City Council to be effective. No amendment or termination of a DC Plan shall diminish or infringe upon the vested rights of any Participant or beneficiary under a DC Plan.
(Ord. 11937, § 1, 7-12-22)
ARTICLE IV.
GROUP INSURANCE AND MEDICAL HEALTH PLANS*
GROUP INSURANCE AND MEDICAL HEALTH PLANS*
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* Editors Note: Section I of Ord. No. 4138, enacted Feb. 19, 1974, amended art. IV, §§ 22-78--22-85, to include medical health benefits in the provisions of the article. Formerly art. IV was entitled "Group Insurance."
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It is hereby declared to be the purpose of this article to authorize and provide group insurance and health plan coverage for officers, employees and retirees of the city and for their dependents, which may be provided on a self-insured basis or through the purchase of fully insured products, as determined by the city and as set forth in the city's applicable health plan documents.
(1953 Code, ch. 20, § 61; Ord. No. 2208, § 1, 9-5-61; Ord. No. 4138, § 1, 2-19-74; Ord. No. 11628, § 1, 3-5-19)
The Mayor and Council may negotiate and execute any necessary agreement with a group insurance carrier or a self-insured health plan containing such terms and conditions as may be required to provide group insurance and health plan coverage for officers, employees and retirees of the city and their dependents. All determinations regarding eligibility and coverage under all city health plan shall be made in accordance with the provisions of the applicable plan documents and agreements. The group insurance or health benefits offered by the city shall be made available to eligible individuals, as determined in accordance with the applicable plan documents, but coverage shall not be mandatory for any eligible individual (absent a change in applicable federal or state law). With regard to any health plan coverage made available to city retirees pursuant to this article, the continued availability of such services after a retiree becomes eligible for Federal Medicare will be determined in accordance with the applicable health plan documents.
(1953 Code, ch. 20, § 62; Ord. No. 2208, § 1, 9-5-61; Ord. No. 4138, § 1, 2-19-74; Ord. No. 11628, § 2, 3-5-19)
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