In this Article, the following words and phrases have the following
meanings:
CONTRIBUTION
A payment made to the Trust Fund by the County.
INVESTMENT MANAGER
A person or entity who exercises discretion in the management
of all or a part of the assets of an institutional investor.
OPEB BOARD or BOARD
The Board of Trustees established under this Article to manage
and invest Trust Fund assets.
PARTICIPATING AGENCY
An agency eligible to participate in County benefit plans
which elects to participate in any County Retiree Benefit Plan.
RETIREE BENEFIT PLAN
Any retiree medical, dental, or vision insurance plan administered
by Caroline County, Maryland.
TRUST FUND
The other post-employment benefits ("OPEB") trust fund established
to pay all or part of the benefits provided under any retiree benefit
plan.
Any asset held by the Trust Fund shall not be subject to any
creditor of the County and is exempt from execution, attachment, prior
assignment, or any other judicial relief or order for the benefit
of any creditor or third person.