[Ord. 567, 1/5/2015]
The participation of the Township in the Trust is authorized
for the purpose of pooling resources for the purpose of providing
unemployment compensation insurance for participating employers at
reasonable cost.
[Ord. 567, 1/5/2015]
The Township agrees to participate in the Trust and may withdraw
for any reason and in accordance with the Restated Trust Agreement
provided that it has fulfilled all its financial obligations to the
Trust upon withdrawal.
[Ord. 567, 1/5/2015]
The effective date of the Township's agreement to and joinder
in the Restated Trust Agreement and the participation of the Township
in the Trust pursuant to the terms of the Restated Trust Agreement
will be January 5, 2015.
[Ord. 567, 1/5/2015]
Each participating employer delegates to the Board of Trustees
the powers enumerated in the Restated Trust Agreement.
[Ord. 567, 1/5/2015]
The organizational structure of the Trust shall consist of a
Board of Trustees. Under the Restated Trust Agreement, the Board of
Trustees is authorized to, among other things, enter into contracts
with third parties to perform various services necessary for the administration
of the Trust.
[Ord. 567, 1/5/2015]
The funds required for the operation of the Trust shall be provided
by the participating employers through scheduled appropriations as
determined by the Board of Trustees.
[Ord. 567, 1/5/2015]
The Trust is empowered to enter into contracts for policies
of group insurance and employee benefits, including social security,
for employees of the Trust, if any.
[Ord. 567, 1/5/2015]
As a condition of participating in the Trust, the Township agrees
to comply with all of the terms and conditions in the Restated Trust
Agreement.
[Ord. 567, 1/5/2015]
The Secretary of the Township shall provide a certified copy
of this part upon its enactment to the Board of Trustees of the Trust.
[Ord. 567, 1/5/2015]
The Board of Supervisors of the Township is hereby authorized
to take any and all such other actions as may be necessary or appropriate
to carry out the purposes of this part and comply with the requirements
of the attached Restated Trust Agreement and any duly adopted amendments
thereto.
[Ord. 567, 1/5/2015]
The duration of the term of the Township's participation in
the Trust and obligations under the Restated Trust Agreement shall
continue until withdrawal from the Trust by the Township in accordance
with the terms of the Restated Trust Agreement.
[Ord. 567, 1/5/2015]
Nothing in this part shall be interpreted to affect any rights
or liabilities of the Township, or to affect any cause of action,
existing prior to the enactment of this part.