[Adopted 12-15-2010 by Ord. No. 3935]
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.[1] Lower Merion Township agrees to comply with all the terms and conditions in the attached Trust Agreement.
[1]
Editor's Note: Exhibit A is on file in the Township offices.
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.