03.07 - NJPA Joint Powers Agreement Revision

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arrange for the administration of such services. The Trustees will determine the most cost-effective and appropriate manner in which to deliver Other Financial and Risk Management Services and the service fees and other costs pertaining to the same. 4.4 Operating Agreement. The Trustees,alone or in collaboration with other governmental units, whether acting alone or jointly, including other service cooperatives, may negotiate Operating Agreements for the benefit of the SC and each of the Participant Members with respect to any Group Employee Benefit or Other Financial and Risk Management Service. Such Operating Agreements may establish, among other things: i. the terms and conditions for any program, ii. premium or contribution rates and other costs, iii. funding arrangements, iv. administrative arrangements, including the extent to which the SC shall provide administrative services, v. the applicable responsibilities of the Trustees,and vi. the amount of service fees payable to the SC. 4.5 SC Service Fees. The SC may be paid a service fee in consideration for services rendered pursuant to this Agreement and any Operating Agreements.The amount and source of such service fee shall be established from time to time by the SC and agreed to by the Trustees. 4.6 Service Providers. i. Selection. The Participant Members hereby delegate to the Trustees the right to select the Providers for Group Employee Benefits and Other Financial and Risk Management Services on behalf of the Participant Members. ii. Governmental Unit Bidding and Contract Laws. As applicable,the Trustees shall comply with all state and federal laws relating to requests for proposals,review of proposals, length of Group Contract rules, and other laws and regulations relating to contracting for Group Employee Benefits and Other Financial and Risk Management Services. iii. Service Provider Rate Increases. The Trustees will annually review renewal information as presented by Providers, make recommendations and determine if requests for proposals are necessary. Rate renewals for group insurance will be determined on the basis of the aggregate change of premiums. 4.7 Premiums and/or Contract Charges. To the extent not established by the applicable Operating Agreement or in any other manner prescribed by this Agreement,premium and/or contract charges shall be determined by the Trustees in its discretion;provided,however,that in accordance with Section 6.5, no retroactive assessment may be made without the consent of the affected Participant Members. 4.8 Advisory Committee(s). The Trustees may,but is not required to,appoint one or more advisory committees. The purpose of any such committee may include,without limitation,the receipt and 8 Rev. 7/20/5