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This entry was published on 2014-09-22
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SECTION 69
Reserve
Workers' Compensation (WKC) CHAPTER 67, ARTICLE 5
§ 69. Reserve. 1. The board of supervisors in connection with a plan
may by local law establish a self-insurance reserve. Such local law
shall prescribe the maximum amount which may be contributed to any such
reserve.

2. The committee or administrator may at any time in its or his
discretion expend moneys in such reserve to pay any liability of the
plan.

3. The committee or administrator may direct the county treasurer to
invest moneys in any such reserve in the manner prescribed by section
eleven of the general municipal law.

4. In the event of abandonment of a plan, all moneys remaining in such
reserve in excess of an amount sufficient to satisfy all accrued and
contingent liabilities, shall be refunded to the participants in such
manner as may be provided by local law adopted by the board of
supervisors.