(a) The trustee may adopt rules, plans, procedures, and orders reasonably necessary to implement this chapter, including:
(1) minimum benefit and financing standards for group coverage for retirees, dependents, surviving spouses, and surviving dependent children;
(2) group coverage for retirees, dependents, surviving spouses, and surviving dependent children;
(3) procedures for contributions and deductions;
(4) periods for enrollment and selection of coverage and procedures for enrolling and exercising options under the group program;
(5) procedures for claims administration;
(6) procedures to administer the fund; and
(7) a timetable for:
(A) developing minimum benefit and financial standards for group coverage;
(B) establishing health benefit plans offered under the group program; and
(C) taking bids and awarding contracts for health benefit plans offered under the group program.
(b) The trustee may:
(1) study the operation of all group coverage provided under this chapter; and
(2) contract for advice and counsel in implementing and administering the group program with independent and experienced group insurance consultants and actuaries.