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Once these bills are passed, the County will have a better option for establishing the trust <br />fund for retiree health insurance. Due to the pending legislation, the Fiscal Yeaz 2008 <br />budget continues as "pay as you go" with the intent of establishing some type of trust <br />fund the following year. With the passage of this legislation a better decision can be <br />made regarding funding. It should be noted that once these funds aze contributed to the <br />trust fund, they no longer belong to the County, but rather the beneficiaries of the plan <br />and are generally considered irrevocable. <br />Updates will be provided as they become available. <br />~~~ <br />