62-250 BOT 12-21-02 HEALTH AND ANNUITY PROGRAM (POLICY) It shall be a policy of the Oglala Lakota College Board of Trustees to provide employees of the Oglala Lakota College with health and annuity program fringe benefits, within budget limitations; approved annual health and annuity program; shall meet legal restrictions regulated and legislated by the Internal Revenue Code in addition to other applicable regulations so as to provide the optimum legal obligations of the institution and its employees. It shall also be a policy of the Oglala Lakota College Board of Trustees to establish a procedure which ensures college personnel input into the development of initial specifications for the health and annuity programs on an annual basis, to include types of coverage, types of services (claims processing, booklet of coverage, on-site assistance), and other appropriate recommendations for consideration, with such recommendations to be processed through established decision-making procedures of the Oglala Lakota College. It shall be an annual charge of the Institutional Development Committee to implement established procedures regarding this Health and Annuity Program policy. The Board of Trustees retains the right to terminate the services of the insurance company or agent of record according to agreement if the insurance company or agent of record according to agreement if the insurance company or agent does not effectively comply with benefit, service, or other applicable requirements of the agreement for health and annuity programs contracted.
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