The participation of Lower Merion Township in the Delaware Valley
Health Insurance Trust is authorized for the purpose of obtaining
high quality health benefits at the most reasonable cost to the Lower
Merion Township and its employees.
The President and Secretary of Lower Merion Township are hereby
authorized to execute the Trust Agreement and any other agreements
necessary for the Township's participation in the Delaware Valley
Health Insurance Trust. The Delaware Valley Health Insurance Trust
Agreement is attached hereto as Exhibit A and incorporated herein
by reference. Lower Merion Township agrees to comply with all the terms
and conditions in the attached Trust Agreement.
This Trust Agreement may be subsequently modified or amended
but in no event shall such amendments or modifications materially
adversely affect the right of the Lower Merion Township to participate
in the Delaware Valley Health Insurance Trust.
As set forth in the Trust Agreement and as otherwise stated
herein, the following conditions apply to the participation of Lower
Merion Township in the Delaware Valley Health Insurance Trust:
A. That each participating municipality must meet the admission and
eligibility requirements set forth therein;
B. That each participating municipality agrees to pay all contributions
when due as provided in the Trust Agreement and any bylaws thereafter
adopted by the Trust;
C. That each participating municipality uses its best efforts to provide
appropriations for the payment of any contributions required to achieve
the purposes and objectives of the Trust;
D. That each participating municipality cooperate fully in achieving
the purposes and objectives of the Trust;
E. That each participating municipality comply with all other conditions
of the Agreement.
Lower Merion Township agrees to participate in the Delaware
Valley Health Insurance Trust for a minimum of two years and thereafter
may withdraw for any reason whatsoever provided that it has fulfilled
all its financial obligations to the Trust upon withdrawal.
The effective date of the participation of the Lower Merion
Township in the Delaware Valley Health Insurance Trust will be February
1, 2011.
The funds required for the operation of the Trust are provided
by the participating municipalities through annual appropriations.
All funds paid by Lower Merion Township shall be made with funds appropriated
by Lower Merion Township for that purpose.
The organizational structure of the Trust consists of a Board
of Trustees and Executive Committee selected by the Board of Trustees
in accordance with the Trust Agreement. Lower Merion Township hereby
delegates to the Board of Trustees of the Delaware Valley Health Insurance
Trust the powers enumerated in the Trust Agreement.
This article is being enacted pursuant to the provisions of
the Intergovernmental Cooperation Law, Act of July 12, 1972, No. 180,
as amended, 53 Pa. C.S.A. § 2301 et seq.