In this Article, the following words and phrases have the following meanings:
Board: The Consolidated Retiree Health Benefits Trust Board established under Section 33-160.
Contribution: payment made to the Trust Fund by the County to pay benefits for County retiree benefit plans or a County-funded agency retiree benefit plan.
County: Montgomery County Government.
County-funded agency: Montgomery College and Montgomery County Public Schools.
Custodian: The County Director of Finance.
Investment manager: a person or entity who exercises discretion to manage all or part of the assets of an institutional investor.
Participating Agency: an agency eligible to participate in County benefit plans under Section 20-37(b) which elects to participate in any County retiree benefit plan.
Retiree benefit plan: any retiree medical plan, dental plan, vision plan, or life insurance plan maintained by the County and administered by the Chief Administrative Officer. Depending on the context, retiree benefit plan may also refer to a retiree medical plan, prescription drug plan, dental plan, vision plan, or life insurance plan established and maintained by a County-funded agency.
Trust Fund: the Consolidated Retiree Health Benefits (RHB) Trust Fund established to pay all or part of the benefits provided under any retiree benefit plan, including a County-funded agency retiree benefit plan. (, § 1; , § 1.)
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