2.95.130 Workers’ compensation fund.

(A)    The county shall maintain an account known as the “workers’ compensation fund.” Such account shall be funded and administered as follows:

(1)    Contributions to the workers’ compensation fund shall be made by the various departments in accordance with a formula proposed by the risk manager and approved by the risk management executive committee. Contributions will be computed annually by the risk manager.

(2)    The accumulated reserves in the workers’ compensation fund should be maintained at an actuarially sound level.

(3)    Monthly contributions shall be made by the various departments to the fund.

The treasurer shall invest, according to the established county policy, the principal sums appropriated to the workers’ compensation fund, and any interest earned thereon shall accrue to such fund.

(B)    The following classes of expenditures may be made from the workers’ compensation fund:

(1)    Amounts for payments for workers’ compensation claims involving injury to employees and/or volunteers as established by the risk manager;

(2)    Premiums for excess insurance as may be placed for the county at the discretion of the county commissioners through the risk manager;

(3)    Costs and expenses related to the administration, prevention, investigation, adjustment and litigation of the program. (Sec. 13 of Ord. 1987-07-27; amended by Sec. 8 of Ord. 1991-11-30; amended by Sec. 10 of Ord. 2008-01-17)