There is hereby created in the treasury of the city a fund to
be known as the workers' compensation self-insurance fund.
(Ord. 1747 § 1, 2002)
Expenditures from the workers' compensation self-insurance fund
shall be limited to the payment of present and future workers' compensation
claims and costs associated with such claims. Such costs may include,
but are not limited to, claims administration costs, safety programs,
disability prevention programs, claims investigation fees, legal defense
costs, injury prevention programs and other risk management fees related
to workers' compensation claims or the prevention thereof.
Expenses arising from experience based surcharges for workers'
compensation claims shall be payable from the workers' compensation
self-insurance fund.
(Ord. 1747 § 1, 2002)
The workers' compensation self-insurance fund shall charge annual
insurance premiums to the city's various operating funds that average
the past year's experience of workers' compensation claims incurred
in the self-insurance fund. Alternatively, such premiums may be charged
based on the experience rating of the various job categories in the
city.
Rebates accruing to the city from favorable experience in workers'
compensation claims shall be credited as revenue to the workers' compensation
self-insurance fund.
(Ord. 1747 § 3, 2002)
The city manager or a designated representative thereof shall
cause an actuarial study of the workers' compensation self-insurance
fund to be performed every two years to quantify the city's potential
liability for claims incurred but not reported.
(Ord. 1747 § 4, 2002)
