The city's predetermined proportionate share of the premium or payment cost of the group insurance, self-insured health plan coverage provided for officers, employees, retirees and dependents and any tax-preferred health coverage funding vehicles included in the trust shall be paid from funds budgeted and authorized to be paid during each fiscal year that such group insurance policy or health plan shall be in effect. The finance director is hereby authorized and directed to pay, upon receipt of duly executed demands, to the group insurance carrier or the self-insured health benefits such sums as may, from time to time, be due and payable as premiums or payments in accordance with the agreement and master policy. Such payments shall be made from the appropriate fund of the city.
(Ord. No. 11628, § 6, 3-5-19)