§ 2-1393. Preservation of healthcare trust funds.

(a)

The assets of the healthcare system shall be held in trust by the board of trustees. All payments made by the city to the healthcare system trust fund and such other payments that are made to the fund on behalf of the city and the city's employees and retirees, all contributions made by the city's employees and retirees electing to enroll in the healthcare system, and all other money or property that lawfully becomes part of the fund, together with the income, gains and all other increments shall be held, managed and administered in trust. The trust shall be known as the Healthcare System of the City of Kansas City, Missouri Trust.

(b)

It shall be impossible by operation of the trust or by its natural termination, by power of revocation or amendment, by the happening of any contingency, by collateral arrangement or by any other means, for any part of the corpus or income of the trust or any funds contributed to the trust to be used for, or diverted to purposes other than the exclusive benefit of any city employee or retiree who is enrolled in the healthcare system, prior to all obligations having been satisfied or provided for.

(Ord. No. 090911, § 1, 11-5-09)