[Adopted 5-3-2011 by Ord. No. 405]
The Chairman and Secretary of Upper Southampton Township are hereby authorized to execute the trust agreement and any other agreements necessary for its 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.
The trust agreement attached hereto is on file for inspection and review at the municipal offices of Upper Southampton Township, Bucks County, Pennsylvania. This trust agreement may be subsequently modified or amended, but in no event shall such amendments or modifications materially adversely affect the right of Upper Southampton Township to participate in the Delaware Valley Health Insurance Trust.
The participation of Upper Southampton 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 Upper Southampton Township and its employees.
As set forth in the trust agreement and as otherwise stated herein, the following conditions apply to the participation of Upper Southampton Township in the Delaware Valley Health Insurance Trust:
That each participating municipality must meet the admission and eligibility requirements set forth therein;
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;
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;
That each participating municipality cooperate fully in achieving the purposes and objectives of the Trust;
That each participating municipality comply with all other conditions of the agreement.
Upper Southampton 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 Upper Southampton Township in the Delaware Valley Health Insurance Trust will be March 1, 2011.
Each participating municipality delegates to the Board of Trustees of the Delaware Valley Health Insurance Trust the powers enumerated in the trust agreement.
All contributions paid by Upper Southampton Township shall be made with funds appropriated by Upper Southampton Township for that purpose.
The organizational structure of the Trust shall consist of a Board of Trustees and Executive Committee selected by the Board of Trustees in accordance with the trust agreement.
The funds required for the operation of the Trust shall be provided by the participating municipalities through annual appropriations.
The Delaware Valley Health Insurance Trust is empowered to enter into contracts for policies of group insurance and employee benefits, including social security for any of its employees.
As a condition of participating in the Delaware Valley Health Insurance Trust, Upper Southampton Township agrees to comply with all the terms and conditions in the attached trust agreement.