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<br />(a) establish, procure and administer Group Employee Benefits and Other Financial <br />and Risk Management Services; <br /> <br />(b) define and clarify requests for proposals, rights and responsibilities, length of <br />contract, premium or contribution rates and other costs, termination guidelines, the <br />relative liability of the parties, and the methodes) by which parties to this Agreement shall <br />exercise their common powers; and <br /> <br />(c) receive, collect, hold, invest, expend and disburse Program Funds in connection <br />with the exercise of its powers under this Agreement. <br /> <br />4.2 Group Employee Benefits. <br /> <br />4.2.1 CBA Employee Benefits. The Board may nom time to time make employee <br />welfar~ and retirement benefits available for adoption by Participants pursuant to a CBA. The <br />Board may arrange alternative financing arrangements respecting such benefits, and may <br />administer or arrange for the administration of such benefits. Any employee or collective <br />bargaining representative notification of alternative financing arrangements shall be the <br />responisibility of the Participant. The Group Contract for the provision of such benefits shall be <br />between the Participant and the Provider. Pursuant to Minn. Stat. 471.6161, Subd.5, the Board <br />has no authority nor authorization to change a policy or benefit respecting a Participant's CBA <br />Employee Benefits in a manner that would reduce the aggregate value of such benefits. <br /> <br />4.2.2 Discretionary Employee Benefits. The Board may from time to time make <br />available for adoption by Participants Discretionary Employee Benefits. The Board may arrange <br />altern~tive financing arrangements respecting such benefits, and may administer or arrange for <br />the administration of such benefits. The Group Contract for the provision of such benefits shall <br />be between the Participant and the Provider. Notwithstanding that a Group Contract for <br />Discretionary Employee Benefits be between a Participant and a Provider, the Board, upon <br />reasonable notice to Participants, may prospectively amend, reduce or terminate any such <br />Discretionary Employee Benefits in its sole and absolute discretion. <br /> <br />4.2.3 Reserves. The Board shall from time to time determine the minimum amount of <br />funds needed for purposes of risk management and rate stabilization. Any such funds shall be <br />held and used in accordance with, and subject to the limitations set forth in, Section 6. <br /> <br />4.2.4 Self-Insurance of Health Benefits. In accordance with Minn. Stat. 471.617, <br />Group Employee Benefits that are employee health benefits may be self-insured. A self- <br />insurance Pool made available by the Board shall be a pool established and operated by the <br />Board, or by the Board and one or more other joint powers governing boards governed by Minn. <br />Stat. 471.59 or service cooperatives governed by Minn. Stat. l23A.21. <br /> <br />090299 <br /> <br />5 <br />