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HomeMy WebLinkAboutOrd 109311/3/76 11/8/76 ORDINANCE NO. ORDINANCE ADDING CHAPTER 4.14 to the BURLINGAME MUNICIPAL CODE TO ESTABLISH RESERVE FUND FOR WORKERS' COMPENSATION CLAIMS The CITY COUNCIL of the City of Burlingame ORDAINS as follows: Section 1. Chapter 4.14 is hereby added to the Burlingame Municipal Code to read as follows: "CHAPTEP. 4.14 SPECIAL FUND FOR WORKERS' COMPENSATION CLAIMS 4.14.010 Workers' Compensation Fund. The workers' compensation fund is established and shall be maintained for the deposit of all monies budgeted for payment of workers' compensation claims under the City's self-insurance program. It shall also be the depository for temporary disability payments recovered from third parties or received while the employee is dis- abled and is receiving full salary under the provisions of the California Labor Code or City ordinances or agreements. Payments therefrom shall be made for all proper industrial injury claims against the City. Said fund shall be established and amounts accumulated therein until it is equal to two and one-half (2%2) times the amount budgeted for 1976-1977 workmen's compensation insurance premiums. All earnings from investments of the fund, and all state mandated benefit costs recovered shall also accrue to the fund." Section 2. This ordinance shall be published as required by law. -1- Mayor) I, EVELYN H. HILL, City Clerk of the City of Burlingame, do hereby certify that the foregoing Ordinance was introduced at a regular meeting of the City Council held on the 15 day of November, 1976, and was adopted thereafter at a regular meeting of the City Council held on the 6th day of December, 1976, by the following vote: AYES: COUNCILMEN: Amstrup-Crosby-Harrison®Manginief-lartin NOES: COUNCILMEN: None ABSENT: COUNCILMEN: None CiP Clerk -2-