HomeMy WebLinkAboutCC RESO 13,353RESOLUTION -NO. 13,353
RESOLUTION ESTABLISHING WORKERS' COMPENSATION
SELF INSURANCE FUND.
BE IT RESOLVED by the City Council of the City
of National City as follows:
1. That there is hereby established an intra-
governmental service fund to be known as the "Workers'
Compensation Self Insurance Fund".
2. That said Fund shall be an accumulation of
monies from premiums for workers' compensation insurance
paid into th.e Fund by other funds.
3. That earnings from investment of Fund cash
shall be credited to such Fund.
4. That said Fund shall be used for the follow-
ing purposes:
a. Payment of fees to consultants hired
to administer the City's Workers'
Compensation Program.
b. Payment of necessary re -insurance
premiums.
c. Payment of benefit claims and related
expenses for job -related injuries to
City personnel.
5. That all monies in th.e existing Workers'
Compensation Fund are hereby transferred to the new
Workers' Compensation Self Insurance Fund.
6. That all monies accumulated in said Fund
are hereby reserved for future expenses related to workers'
compensation except that the Clty Council may at its
option, from time to time, by resolution, transfer any
amount reserved from said Fund to any existing fund, or
add to the amount reserved in said Fund by transferring
unencumbered surplus from any existing fund.
PASSED AND ADOPTED this