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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 /> 80 <br />