Sec. 2-1630. Powers and duties.
A. The Board shall:
1. Administer the Trust Fund pursuant to this Article and the Trust Agreement.
2. Provide financial oversight of the Trust Fund by evaluating liabilities, other expenses and reserve amounts.
3. Review quarterly the Trust Fund to insure adequate funds exist to pay outstanding and future disability benefits under the Long Term Disability Program.
4. Make recommendations to the City Manager on financial issues relating to the Long Term Disability Program, including contribution rates.
5. Comply with all requirements of State and Federal Laws relating to self-insurance programs for the management and administration of long term disability benefits for disabled participants.
6. Meet at least four times a year, or more frequently as the Chair of the Board deems necessary, or upon the request of the City Manager.
B. The Board may:
1. Adopt rules or policies for the operation of the board, which are not inconsistent with this Article, Federal Law, Arizona Laws, the City Charter or any City ordinances or administrative regulations.
2. Appoint committees.
3. Request the Human Resources Department and Finance Department staff or hire independent consultants to perform assignments necessary for the administration of the Trust. (Ord. No. G-5184, § 1, 2008; Ord. No. G-5444, § 3, 2009)