§ 2-216. Self-insurance: funding, allocation and use.

(a)

When using the workers' compensation trust fund the city shall act as a self-insurer for all workers' compensation loss and claims. The liability of the city for such costs shall be established by law. The city risk manager shall cause the city to comply with all requirements for self-insurers as may be contained in applicable law, to obtain for the city, all benefits of self-insurance status, and to maintain such status for as long as it is in the city's interests to do so.

(b)

The workers' compensation trust fund shall be funded as part of the annual budgetary and appropriation process of the city in such amounts as to provide sufficient monies to pay all reasonably anticipated workers' compensation loss and risk management expenses for the ensuing fiscal year.

(c)

The city council shall determine the funding level of the workers compensation trust fund based on the amounts expended for workers' compensation purposes, if any, and on the recommendations of the city manager, the city risk manager and the finance director. The cost of funding and administering the workers compensation trust fund set forth in the annual budget shall be allocated among departments of the city by the city risk manager and the finance director based on:

(1)

Prior loss experience of the fund;

(2)

Projected exposure of risk based upon actuarial analysis;

(3)

Workers compensation loss; and

(4)

Risk management expenses.

(d)

The workers' compensation trust fund shall provide for all claims, and payment of workers' compensation losses, risk management expenses, legal fees and expenses, and insurance premiums, if any, subject to the exceptions as defined in this chapter.

(Ord. No. 2892, § 2, 5-27-14)