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JOINT POWERS AGREEMENT <br />FOR GROUP EMPLOYEE BENEFITS AND OTHER FINANCIAL AND RISK MANAGEMENT <br />SERVICES <br />(Revision 7.2) <br />Table of Contents <br />RECITALS.................................................................................................................................... 3 <br />SECTION 1: PURPOSE, INTENT AND OBJECTIVE........................................................... 3 <br />1.1 <br />Purpose.................................................................................................................................3 <br />1.2 <br />Compliance with Applicable Laws...................................................................................... 3 <br />1.3 <br />Prior Agreements................................................................................................................. 3 <br />SECTION 2: DEFINITIONS.......................................................................................................4 <br />SECTION 3: JOINT POWERS GOVERNING BOARD OF TRUSTEES ............................. 5 <br />3.1 <br />Board Membership............................................................................................................... 5 <br />3.2 <br />Upon Dissolution of the SC................................................................................................. 6 <br />SECTION 4: RIGHTS AND RESPONSIBILITIES OF THE TRUSTEES ........................... 6 <br />4.1 <br />Authorized Powers............................................................................................................... 6 <br />4.2 <br />Group Employee Benefits.................................................................................................... 7 <br />4.3 <br />Other Financial and Risk Management Services...............................................................1. 7 <br />4.4 <br />Operating Agreement........................................................................................................... 8 <br />4.5 <br />SC Service Fees................................................................................................................... 8 <br />4.6 <br />Service Providers................................................................................................................. 8 <br />4.7 <br />Premiums and/or Contract Charges..................................................................................... 8 <br />4.8 <br />Advisory Committee(s)........................................................................................................ 8 <br />4.9 <br />Authority of Board of Trustees............................................................................................ 9 <br />4.10 <br />Liability Limited.................................................................................................................. 9 <br />4.11 <br />Withdrawal by Board of Trustees ........................................... ......... ............................ 9 <br />SECTION 5: RIGHTS AND RESPONSIBILITIES OF PARTICIPANT MEMBERS ........ 9 <br />5.1 <br />Enrollment and Renewal...................................................................................................... 9 <br />5.2 <br />Participant Members to Furnish Data.................................................................................. 9 <br />5.3 <br />Remittance of Premiums and Contract Charges............,..................................................... 9 <br />5.4 <br />CBA Employee Benefits...................................................................................................... 9 <br />5.5 <br />Participant Member Withdrawal........................................................................................ 10 <br />5.6 <br />Effect of Participant Member Withdrawal......................................................................... 10 <br />SECTION 6: PROGRAM FUNDS ADMINISTRATION...................................................... 11 <br />1 <br />Rev. 712015 <br />