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ARTICLE V <br />5.0 UNION TRUST & INSURANCE <br />5.1 Union Trust Fund. The Union is desirous of establishing a trust fund to reimburse active <br />unit employees for certain benefits. The parties intend that the Union will establish said <br />designated fund to administer certain benefits for active unit employees. The eligibility <br />criteria and benefit levels shall be developed, administered and managed solely by the <br />union. <br />The Trust Fund shall be established in accordance with federal and state laws and the <br />Union shall defend and indemnify the City for any claims regarding the administration of, <br />or the payment of, benefits arising out the administration of the Trust Fund. The Union <br />may elect to cover the costs of establishing and administering the Trust from the City's <br />allocation. <br />The City will set aside the sum of $200,000 on an annual basis to the fund administered <br />by the Union. Annual payments will be made by February I st °f each fiscal year. <br />5.2 Insurance Benefits. PTNCS workers may voluntarily participate in the insurance <br />programs offered by the Union's Benefit Trust through payroll deduction. <br />11 <br />