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09-22-04 Chapter 172 Employee Retiree Insurance and Benefits Board Meeting
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09-22-04 Chapter 172 Employee Retiree Insurance and Benefits Board Meeting
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2/8/2022 7:08:02 AM
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City Meetings
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Chapter 172 Employee Retiree Insurance and Benefits Board Meeting
Meeting Doc Type
Minutes
Date
9/22/2004
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Expenses <br />($3,403,235) <br />Projected 2005 Health Plan Expenses <br />$347.000 <br />$419,867 <br />ito <br />$2,636,368 <br />Who Pays For The Health <br />�. Plan? (2005 - $3,403,235) <br />• ETTI`r g� + 1V}embers <br />$53Yg0,peE eltreef a entnibuhons <br />�� a 6r7ve $��o-6g9 <br />fnferest t� �„ <br />pc� ray C®5R�4�OQO <br />3_ . . <br />Expenses V. Revenues <br />• EXPENSES (2005) + REVENUES <br />+ S3,403,235 + $3,111,872 <br />•=<S291.361> + FUND $291,363 <br />% of Expenses <br />($3,403,235) <br />Projected 2005 Health Plan Expenses <br />10% <br />12% <br />78% <br />o Medical Claims ■ Rx Claims a Adm. Fees <br />Who Pays For The Health <br />Plan? (2005 - $3,403,235) <br />EMPLOYEE/RETIREE <br />+ $964,730= <br />$3,1115872 <br />�r <br />INSURANCE FUND <br />+ Forking Capitol + $2,376,126 <br />9/30/2003 <br />+ 2004 Draw • $900,000 <br />• 2005 Draw + $291,363 <br />+ 2006 BALANCE—. + $1,061,495 <br />M <br />
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