03.06 - Joint Powers Agreement with National Joint Powers Alliance

Home Browse Search

between the Participant and the Provider Pursuant to Minn. Stat. 471.59, Subd. 5,the Board has no authority nor authorization to change a policy or benefit respecting a Participant's CBA Employee Benefits in a manner that would reduce the aggregate value of such benefits. 4.2.2 Discretionary Employee Benefits. The Board may from time to time make available for adoption by Participants Discretionary Employee Benefits. The Board may arrange alternative financing arrangements respecting such benefits,and may administer or arrange for the administration of such benefits. The Group Contact for the provision of such benefits shall be between the Participant and the Provider. Notwithstanding that a Group Contract for Discretionary Employee Benefits be between a Participant and a Provider,the Board,upon reasonable notice to Participants,may prospectively amend,reduce or terminate any such Discretionary Employee Benefits in its sole and absolute discretion. 4.2.3 Reserves. The Board shall from time to time determine the minimum amount of funds needed for purposes of risk management and rate stabilization. Any such funds shall be held and used in accordance with,and subject to the limitations set forth in, Section 6. 4.2.4 Self-Insurance of Health Benefits. In accordance with Minn. Stat.471.617,Group Employee Benefits that are employee health benefits may be self-insured. A self-insurance Pool made available by the Board shall be a pool established and operated by the Board,or by the Board and one or more other joint powers governing boards governed by Minn. Stat. 471.59 or service cooperatives by Minn. Stat. 123A.21. 4.3 Other Financial and Risk Management Services. The Board may make available Other Financial and Risk Management Services for electing Participants and may administer,or arrange for the administration of such services. The Board 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 Board,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 participants with respect to any Group Employee Benefit or Other Financial and Risk Management Service. Such Operating Agreements may establish,among other things: (a) the terms and conditions for any program, (b) premium or contribution rates and other costs, (c) funding arrangements, (d) administrative arrangements, including the extent to which the SC shall provide administrative services, (e) the applicable responsibilities of the Board,and (f) the amount of service fees payable to the SC. -5-