97-5104 Trust Fund Health/DenalConso1i0W Sauna
RESOLUTION NUMBER 97-5104
A RESOLUTION ESTABLISHING A HEALTH AND DENTAL INSURANCE
TRUST FUND AND PROVIDING FOR FUNDING OF THE TRUST FUND.
WHEREAS, the City of Salina has determined that it is in the best interests of the City to self -
fund the Health and Dental Insurance Benefits provided to City employees and related sub-
groups; and
WHEREAS, it has been determined that a separate accounting of funds committed to provide
for medical and dental expenses of covered parties is necessary; and
WHEREAS, a plan agreement defining the Health and Dental services to be provided has been
adopted; and
WHEREAS, agreements with qualified third party administrators have executed; SO NOW
THEREFORE
BE 1T RESOLVED by the Governing Body of the City of Salina, Kansas:
Section 1. That the Health and Dental Insurance Trust Fund be established.
Section 2. That expenses for qualified health and dental services under the
Health Plan agreement, expenses for claims administration, and expenses for plan management,
including stop -loss insurance for catastrophic claims be paid from the fund.
Section 3. That revenue to the Health and Dental Insurance Trust Fund be
generated by charges for Health and Dental Insurance deducted from employee's salary and
provided by charges against the operating funds in a proportion established by the Plan.
Section 4. That the total amount to be deducted from the employee's salary
and that amount charged against the operating funds be actuarially sound based on group
experience and plan reserves.
Section 5. That in the event the resources of the Health and Dental Insurance
Trust Fund be inadequate to pay claims and costs and maintain sufficient reserves, additional
amounts may be transferred from the operating funds as necessary to maintain fiscal solvency of
the Health and Dental Insurance Trust Fund.
Section 6. That this resolution shall be in full force and effect from and after
its adoption.
Adopted by the Board of Commissioners and signed by the Mayor this 13`h day of
January, 1997.
(SEAL)
ATTEST:
CJ4udy.Lon MC, City rk
Eve n Maxwell, Mayor