Sec. 22-82.1. The board of trustees shall include five (5) joint trustees, all of whom shall be at least twenty-one (21) years old, citizens of the United States of America and reside or work in the City of Tucson, Arizona. One trustee shall be an officer of the city designated by the city manager and no other trustee shall be an officer or employee of the City of Tucson. Except for the city officer appointed to the board of trustees by the city manager, the trustees shall be appointed by the mayor and council and shall have expertise in the field of finance, health or medical insurance, employment benefits, health care or actuarial science.
Sec. 22-82.2. Trustees shall serve four (4) year staggered terms. The city may, in the Trust Agreement, set forth special initial terms for the individual trustees, to ensure continuity of experience on the board. Any trustee may be reappointed by his or her appointing authority upon expiration of his or her term, provided that no trustee other than the city officer trustee serves more than two (2) consecutive terms. The city officer who is appointed as a trustee shall not be subject to term limits.
Sec. 22-82.3. No person shall qualify as trustee until he or she has been bonded. The bond requirement may be satisfied by the blanket performance bond or other coverage provided by the city.
Sec. 22-82.4. Trustees are subject to removal and substitution by their appointing authority, with or without cause. Any trustee may, upon expiration of his or her term, continue to serve until a replacement is appointed by the appointing authority. Additional rules regarding the resignation, removal and replacement of trustees, and regarding board officers and procedures, shall be set forth in the Trust Agreement.
Sec. 22-82.5. Trustees shall not be entitled to receive compensation for their services as trustees, except that trustees shall be entitled to reimbursement for any reasonable out-of-pocket cost and expenditures made by the trustees in the performance of their duties as trustees. The employment compensation paid by the city to the city officer who is appointed to serve as a trustee shall not be considered compensation for trustee services.
Sec. 22-82.6. The board of trustees shall be responsible for, and shall have the power and authority necessary to, manage the investment of all trust assets in its discretion, and to provide advice and recom mendations regarding management, funding and sufficiency of the trust.
Sec. 22-82.7. The Board of Trustees shall meet at least four (4) times per year or more frequently if determined necessary by the chairperson of the board, or as requested by the city manager.
Sec. 22-82.8. The board of trustees shall serve in an advisory capacity to the city, providing advice, recommendations and feedback to the city with regard to the design and cost of the health benefits program offered by the city on a self-insured basis, all in advance of final approval of such program by the mayor and council. The board shall not be responsible for the design of the health benefits program offered by the city to officers and employees of the city and their dependents, nor shall the board be authorized to determine the premiums, rates, cost sharing and other financial aspects of the health benefits program.
Sec. 22-82.10. The board shall act in conformance with this Chapter 22, Article IV and the terms of the Trust Agreement.
Sec. 22-82.9. The board of trustees shall be exempt from all provisions of Chapter 10A, title XIII of the Tucson Code, with the exception of Section 10A-136 of the Tucson Code.
(Ord. No. 11628, § 4, 3-5-19)