We’re building a better website to serve you! Preview the new Lakewood.org here, and let us know what you think.

Skip to main content
 

Chapter 3.28 - Lakewood Medical and Weekly Disability Benefit Trust Fund

3.28.010 Established
The City Council establishes the Lakewood medical and weekly disability benefit trust fund and designates the City Manager, the City Treasurer and Director of Finance as trustees for the purpose of transferring, holding, and expending the contributions of the city and its eligible employees under the medical and weekly disability benefit program. (Ord. O-78-124 § 1, 1978).

3.28.020 Authority
The City Manager, the Director of Finance and City Treasurer are authorized to enter into a trust agreement in form approved by the City Attorney for the purpose of safeguarding the funds contributed thereto and making such payments from the Lakewood medical and weekly disability benefit trust fund as may be necessary to pay claims, actuarial consultant's fees, legal fees, administration fees, and other related expenses involved in this self-funded program. (Ord. O-78-124 § 2, 1978).

3.28.030 Transfer of funds
The City Treasurer is authorized and directed to transfer from the general fund of the city to the Lakewood medical and weekly disability benefit trust fund a monthly amount to be determined by the City Manager. Funding of the city's contribution to the medical and weekly disability benefit program in subsequent years shall be pursuant to budget and appropriation. (Ord. O-78-124 § 3, 1978).

3.28.040 Payments
The City Treasurer is authorized and directed to pay over to the Lakewood medical and weekly disability benefit trust fund all contributions by the city's employees attributable to the medical and weekly disability benefit program. (Ord. O-78-124 § 4, 1978).