Employee Benefit Trust

Self Insurance Retention & Employee Benefit Trust

Overview:

• Authority: A.R.S. 11-981
• Membership: The County Board of Supervisors shall appoint seven Trustees to oversee the management and affairs of the Trust. The Trustees shall be comprised of residents of the County, not more than one Trustee may be an employee of Mohave County or the Mohave County Judicial Branch, not more than one may be a member of the Board of Supervisors. The County Manager or County Administrator shall always serve as one of the seven Trustees. Each supervisorial district of Mohave County shall be allotted one Trustee appointment, with the Trustee to be nominated by the Supervisor currently holding office in that district and subject to ratification by the County Board of Supervisors via majority vote. 
• The Employee Benefit Program shall be operated and administered by the Board of Trustees for the benefit of the Beneficiaries. In carrying out the purposes of the Trust Agreement, the Trustees shall have all right, power and authority to: (a) enter into contracts, procure insurance policies, or provide such benefits through self-funding, and to place into effect and maintain the desired schedule of benefits. (b) provide the intended benefits under this Trust by means of self-funding by the Trust and/or by the procurement of group insurance contracts (as permitted by the laws of the State of Arizona) including group insurance contracts issued to and in the name of the Trust, together with such other forms of contracts issued by qualified insurance companies authorized to do business in the State of Arizona as may be selected by the Trustees for the purpose of providing for all or part of the benefits provided for under this Trust. The Trustees are hereby expressly authorized to pay to any insurance company as may be selected by the Trustees, the required insurance premiums in connection with such group insurance contracts issued to the Trust. Whether or not benefits are provided by means of self-funding or by the procurement of group insurance, such decision shall be at the sole and exclusive discretion of the Trustees. (c) should the Trustees select or provide for any policy or program of self-funding, no claims for benefits or claims for liabilities shall be brought against the Trustees. The sole and exclusive liability of said Trustees in the management and operation of any program of self-funding shall be limited to due care in the selection of administrators, claims representatives, actuaries or other officials charged with the administration of such a program of self-funding, subject to the limitations upon such liability based on actions taken with advice of counsel as provided in Section 4.03 of this Agreement. In the event that submitted claims of employees exceed the funds available, the claims shall be paid in the order received. (d) do all those things which, in the opinion of the Trustees, may be necessary or desirable for the administration, operation of, and accomplishment of the objectives and purposes of the Fund and this Trust and Trust Agreement. 
• Term: Following appointment, Trustees shall serve until such time as they resign, cease to be eligible to serve as a Trustee or are removed or replaced by the County Board of Supervisors. In the event that a Trustee resigns, ceases to be eligible to serve as a Trustee or is removed or replaced by the County, the position shall be deemed vacant and a new Trustee shall be designated by the County and appointed as specified in this Agreement. Trustees are permitted to continue service after their nominating Supervisor is no longer in office, but the Trustee’s term of office may be terminated and replaced with a new Trustee by the newly appointed or elected Supervisor and a majority vote of the County Board of Supervisors.

SELF INSURANCE RETENTION AND EMPLOYEE BENEFITS TRUST 
3 YEAR TERM 
FROM LEEANN IN HUMAN RESOURCES  

Members:

Related Documents:

SIR Trust Memo

Mohave County Trust Document