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9. All costs of providing and administering the Health Benefit Plans shall be the sole <br />responsibility of the Association. The City shall not be responsible for any cost of providing <br />or administering said plans in excess of the amounts specified in this Agreement. The use <br />of City contributions to cover the administrative costs of the program shall not exceed fifty <br />thousand dollars ($50,000) during calendar year 2023. Each calendar year thereafter, the <br />maximum amount of administrative costs funded using City contributions will be adjusted <br />by the annual percentage change in the Medical Care Services Consumer Price Index <br />("CPI") for all urban consumers as of November for the preceding year (i.e., the 2024 <br />administrative fee will be adjusted by the annual change in CPI between November 2022 <br />and November 2023). Administrative costs are defined as costs incurred as a result of <br />administering said plans exclusive of premium payments. The City shall continue to take <br />deductions from employees' pre -taxed earnings in accordance with Article XII of the <br />parties' 2024-2027 Memorandum of Understanding. <br />10. The Association will be responsible for ensuring that best investment practices shall be <br />used in accordance with applicable laws and regulations when investing the Trust's funds. <br />11. The Association will be responsible for all accounting practices relating to the <br />disbursement of all trust funds. Accounting practices will be in accordance with industry <br />standards. <br />12. Upon completion of the annual audit, the Association shall provide the City with a copy of <br />the annual audit within thirty (30) days of the report's issuance. The annual audit report <br />shall include actual cost of Health Benefit Plan premiums, total amount of contributed <br />funds spent on all plans, and details of how all remaining contributed funds are spent or <br />administered. As used in this Agreement, "remaining contributed funds" means any part of <br />the City's contribution that has not been spent on health benefit premiums. All books and <br />records related to the administration and provision of such plans shall be available to audit <br />and/or inspection by the City upon request and a thirty (30)-day notice. <br />13. All regular and probationary full-time employees in classifications represented by the <br />Association and members of the Association shall be eligible and offered an opportunity <br />to enroll in the Association plan options. No employee shall be eligible for City -provided <br />Health Benefit Plans unless they are not a member of the Association. <br />14. The Association shall have an open enrollment at least once a year. <br />15. The waiting period for Health Benefit Plan coverage may not exceed sixty (60) days. <br />16. The Association may not terminate its Health Benefit Plans during the term of this <br />Agreement. If the Association or health provider terminates Health Benefit Plan coverage, <br />the City will terminate its contribution for the medical benefit trust fund thirty (30) days <br />prior to plan termination unless the Association provides a suitable replacement plan <br />approved by the Executive Director of Human Resources or designee whose approval shall <br />not be unreasonably withheld. <br />17. Employees eligible for coverage under an Association plan as a result of change of City <br />representation unit shall be enrolled without regard to pre-existing conditions of illness or <br />:1 <br />