08-04-04 Chapter 172 Employee Retiree Insurance and Benefits Board Meeting

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Chapter 172 Employee Retiree Insurance and Benefits Board Meeting Minutes 08/04/2004 The Chapter 172 Employee Retiree Insurance and Benefits Board meeting was called to order at 5:40 p.m. Attendance: Clark Askins, Michael Dolby, Sherri Sampson, Pat Rothermel, Mayor Porter Sherri Sampson welcomed Board members. Routine Business - No discussion Business - Health Plan Contribution schedules - Sherri Sampson provided group with an updated proposed employee Contribution schedule. Group discussed accepting this proposal. Sherri Sampson to continue working. Retiree contributions - Michael Dolby asked group about several less expensive options for funding retiree health benefits. Board members discussed a number of options. Routine Business - Michael Dolby made a motion to adopt 80-point eligibility factor requirement for employees to be eligible for Retiree Health. Mr. Askins seconded the motion. Employees would need to have a total of 80 points, between age and tenure, with a minimum of 20 years service to the City of La Porte. This would become effective on January 1,2006. After 30 years of service the Retiree may continue with the City of La Porte health benefit regardless of employment with new employer. Ifthe new employer offers a health benefit the employee must accept new employer insurance as primary. Any employee retiring with less than 30 years of service may not continue Retiree Health benefit with City of La Porte if re-employed by self or other business. Board voted and approved 4/0. Retiree Contributions to Health Fund - Michael Dolby made a motion to accept a graduated contribution schedule for Retirees. Mr. Askins seconded the motion. In this recommendation retirees would pay a portion of the City cost for their coverage, in addition to the appropriate active employee contribution. At 20 years of employment or more the City would pay 50% of the City cost; Each year above 20 the City would pay an additional 5%, up to 30 years = 0 City contribution. Retiree would pay active employee contribution rates for self and dependant. Board voted 4/0 in favor. Meeting adjourned at 7:05 p.m.