Common use of Responsibilities of the Committee Clause in Contracts

Responsibilities of the Committee. At least annually the Healthcare Plan Committee shall establish and recommend to the City Council the funding level need of the City Healthcare Plan for the forthcoming Calendar Year consistent with its fiduciary responsibility to adequately manage the Plan to ensure the Plan’s long term financial stability. The Healthcare Plan Committee shall review the Plan Reserve Balance on a quarterly basis, or as deemed necessary by the City Finance Officer or his designee.

Responsibilities of the Committee. At least annually the Healthcare Plan Committee shall establish and recommend to the City Council the funding level need of the City Healthcare Plan for the forthcoming Calendar Year consistent with its fiduciary responsibility to adequately manage the Plan to ensure the Plan’s long long-term financial stability. The Healthcare Plan Committee shall review the Plan Reserve Balance on a quarterly basis, or as deemed necessary by the City Finance Officer or his designee.