[Adopted 7-7-2014 by Ord.
No. 14-02]
Pursuant to the authority granted to it in C.G.S. § 7-450
as that section may be amended or recodified from time to time, there
shall be created and established the Other Post-Employment Benefits
Trust (the "OPEB Trust") and Trust Agreement to fund certain retiree
benefits which the Town and the Board of Education may be obligated
to provide pursuant to the terms of previously established plans for
the benefit of certain employees, retirees, their spouses and dependents.
Upon the enactment of this article, the members of the Retirement
Plan Committee shall also serve as, and shall constitute the Other
Post-Employment Benefits Advisory Board, hereinafter referred to as
the "OPEB Board." The terms of the members of the OPEB Board shall
be coextensive with their respective terms as members of the Town
of Windsor Retirement Plan Committee. The OPEB Board shall perform
the duties set forth in the OPEB Trust Agreement, as amended from
time to time, relating to the administration of the OPEB Trust.
Upon the enactment of this article, the Director of Finance
shall be appointed as Trustee for the OPEB Trust and shall perform
the duties set forth in the OPEB Trust Agreement, as amended from
time to time, relating to the management of the assets held in the
OPEB Trust, and shall have the care and custody of all assets funds
and the power to invest such assets in accord with all applicable
provisions of law.
