03-31-11 Regular Meeting of the Chapter 172 Employee Retiree Insurance and Benefits Board Meeting

Browse Search

Chapter 172 Employee Retiree Insurance and Benefits Board Meeting Minutes for the meeting held on March 31. 2011 1. Call to Order The meeting was called to order at 5:52 pm by Heather Weger 2. Consider approval of minutes from November 30, 2010 meeting Michael made a motion to accept the minutes as presented, Matt seconded the motion, the motion passed. 3. Consider approval of minutes from December 14, 2010 meeting Matt made a motion to accept the minutes as presented, Michael seconded the motion, the motion passed. 4. Discussion or other action on report from actuaries for cost of Retiree Coverage Michael Dolby presented the actuary report showing additional cost to the City (1) if the Retiree policy were modified to drop the 80 point rule and (2) to modify the policy to allow for employees who worked 30 years with the City of La Porte and otherwise qualified for Retiree Coverage to pay the same rate as an active employee would pay for employee /dependent coverage. Matt stated the cost to the City to drop the 80 point rule seemed too much and would irresponsible to try and implement at this time. Matt also stated the benefit to the City to allow 30 years employees to pay the active employee /dependent rate far outweighs the cost. Matt made a motion to make a recommendation to City Council to modify the Retiree Insurance Policy to allow employees with 30 years of service with the City of La Porte to pay the active employee /dependent rate rather than the current policy of 10% of the City's cost. Juliane seconded the motion, the motion passed unanimously. 5. Discussion or other action on the Request for Proposal for Benefit Consultants Heather Weger presented the Request for Proposal for Benefit Consultants to the Committee and asked for input. Matt noted he wanted to make sure the RFP requested bidders to disclose any compensation they receive from the carriers. The RFP already contained the proper wording; there were no other requests made. 6. Administrative Reports None 7. Board Comments a. Matters appearing on the agenda b. Inquiry of staff regarding specific factual information or existing policy 8. Adjournment There being no further business to discuss, the meeting was adjourned at 6:18 pm. Approved and passed this day 4 . ( Z © ( 1 U-L6-t1U1 03c ,i Heather Weger