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Section 103.003 – Definitions.

Effective – 28 Aug 2016, 2 histories 103.003. Definitions. — As used in sections 103.003 to 103.175, the following terms mean: (1) “Actuarial reserves”, the necessary funding required to pay all the medical expenses for services provided to members of the plan but for which the claims have not yet been received by the claims […]

Section 103.016 – Executive director and staff to be state employees — board members not to be employed by plan for four years after leaving board, exception.

Effective – 28 Aug 1992 103.016. Executive director and staff to be state employees — board members not to be employed by plan for four years after leaving board, exception. — The executive director and all other employees of the plan shall be state employees and eligible for all corresponding benefits. Except by the unanimous […]

Section 103.019 – Staff salaries to be set by board.

Effective – 28 Aug 1992 103.019. Staff salaries to be set by board. — 1. Employees of the plan shall receive such salaries and necessary expenses as shall be fixed by the board. 2. Subject to the provisions of the constitution, the board of trustees shall have exclusive jurisdiction and control over the funds and […]

Section 103.023 – Actuary or actuarial firm to give technical advice.

Effective – 28 Aug 1992 103.023. Actuary or actuarial firm to give technical advice. — The board shall employ or contract with an actuary or firm of actuaries familiar with health care financing as technical advisor to the board on matters regarding the operation and funding of the plan from an actuarial basis and shall […]

Section 103.025 – Annual audit of records and accounts by CPA.

Effective – 28 Aug 2013 103.025. Annual audit of records and accounts by CPA. — The board shall arrange for annual audits of the records and accounts of the plan by a certified public accountant or firm of certified public accountants. ­­——– (L. 1992 H.B. 1574 § 1 subsec. 12, A.L. 2013 H.B. 116)

Section 103.042 – Board to serve without compensation — expenses authorized — board members performing duties not to suffer loss of their regular compensation.

Effective – 28 Aug 1992 103.042. Board to serve without compensation — expenses authorized — board members performing duties not to suffer loss of their regular compensation. — The board shall serve without compensation for their services as such, but shall be paid for any necessary expenses incurred in attending meetings of the board or […]

Section 103.047 – Board members to have one vote — six members to be quorum — majority vote of trustees present for official actions — meeting not required, procedure to determine will of board.

Effective – 28 Aug 1992 103.047. Board members to have one vote — six members to be quorum — majority vote of trustees present for official actions — meeting not required, procedure to determine will of board. — Each trustee shall be entitled to one vote. Six trustees shall constitute a quorum for the transaction […]