Laserfiche WebLink
vii. except as restricted below,delegate to officers or committees any powers or duties which <br /> may be performed by the Trustees subject to such limitations as set forth in the action <br /> delegating such power or duty. The Trustees will not delegate the following duties: <br /> a. amendments to the Agreement; <br /> b. addition of Participant Members; <br /> c. adoption of By-laws; <br /> d. approval of annual budget; <br /> e. approval of annual financial statements; <br /> f. retention or engagement of financial auditors and legal counsel,except on a <br /> temporary or emergency basis. <br /> 4.2 Group Employee Benefits. <br /> i. CBA Employee Benefits. The Trustees may from time to time make employee welfare <br /> and retirement benefits available for adoption by Participant Members pursuant to a <br /> CBA. The Trustees may arrange alternative financing arrangements respecting such <br /> benefits,and may administer or arrange for the administration of such benefits. Any <br /> employee or collective bargaining representative notification of alternative financing <br /> arrangements shall be the responsibility of the Participant Member. The Group Contact <br /> for the provision of such benefits shall be between the Participant Member and the <br /> Provider Pursuant to Minn. Stat.471.59, Subd. 5,the Trustees have no authority nor <br /> authorization to change a policy or benefit respecting a Participant Member's CBA <br /> Employee Benefits in a manner that would reduce the aggregate value of such benefits. <br /> ii. Discretionary Employee Benefits. The Trustees may from time to time make available <br /> for adoption by Participants Discretionary Employee Benefits. The Trustees may arrange <br /> alternative financing arrangements respecting such benefits,and may administer or <br /> arrange for the administration of such benefits. The Group Contact for the provision of <br /> such benefits shall be between the Participant Member and the Provider. <br /> Notwithstanding that a Group Contract for Discretionary Employee Benefits be between <br /> a Participant Member and a Provider,the Trustees, upon reasonable notice to Participant <br /> Members, may prospectively amend,reduce or terminate any such Discretionary <br /> Employee Benefits in its sole and absolute discretion. <br /> iii. Reserves. The Trustees shall from time to time determine the minimum amount of funds <br /> needed for purposes of risk management and rate stabilization. Any such funds shall be <br /> held and used in accordance with, and subject to the limitations set forth in, Section 6. <br /> iv. Self-Insurance of Health Benefits. In accordance with Minn. Stat. 471.617, Group <br /> Employee Benefits that are employee health benefits may be self-insured. A self- <br /> insurance Pool made available by the Trustees shall be a pool established and operated by <br /> the Trustees,or by the Trustees and one or more other joint powers governing boards <br /> governed by Minn. Stat.471.59 or service cooperatives by Minn. Stat. 123A.21. <br /> 4.3 Other Financial and Risk Management Services. The Trustees may make available Other <br /> Financial and Risk Management Services for electing Participant Members and may administer, or <br /> 7 <br /> Rev. 7/2015 <br />