Laserfiche WebLink
5 <br />and the Provider. Pursuant to Minn. Stat. 471.6161, Subd.5, the Board has no authority nor <br />authorization to change a policy or benefit respecting a Participant's CBA Employee Benefits in a <br />manner that would reduce the aggregate value of such benefits. <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 />alternative financing arrangements respecting such benefits, and may administer or arrange for the <br />administration of such benefits. The Group Contract for the provision of such benefits shall be <br />between the Participant and the Provider. Notwithstanding that a Group Contract for Discretionary <br />Employee Benefits be between a Participant and a Provider, the Board, upon reasonable notice to <br />Participants, may prospectively amend, reduce or terminate any such Discretionary Employee <br />Benefits in its sole and absolute discretion. <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. 123A.21. <br /> <br />4.3 Other Financial and Risk Management Services. The Board may make available Other <br />Financial and Risk Management Services for electing Participants and may administer, or <br />arrange for the administration of such services. The Board will determine the most cost-effective <br />and appropriate manner in which to deliver Other Financial and Risk Management Services and <br />the service fees and other costs pertaining to the same. <br />4.4 Carrier Contracts. The Board, alone or in collaboration with other governmental <br />units, whether acting alone or jointly, including other service cooperatives, may negotiate <br />Carrier Contracts for the benefit of the SC and each of the Participants with respect to any <br />Group Employee Benefit or Other Financial and Risk Management Service. Such Carrier Contracts <br />may establish, among other things: <br />(a) the terms and conditions for any program, <br />(b) premium or contribution rates and other costs, <br />(c) funding arrangements, <br />(d) administrative arrangements, including the extent to which the SC shall provide <br />administrative services, <br />(e) the applicable responsibilities of the Board, and <br />(f) the amount of service fees payable to the SC. <br />The Carrier Contract is a proprietary document between the Service Cooperative and the provider. <br />However, at the request of any Participant, the Board may provide that Participant with any