07-13-10 Regular Meeting of the Chapter 172 Employee Retiree Insurance and Benefits Board Meeting (2)

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MeetinQ Minutes of a ReQular MeetinQ of the Chapter 172 Emplovee Retiree Insurance and Benefits Board held on Julv 13. 2010 at 2:00 pm 1. Call to Order The meeting was called to order at 2: 15 pm 2. Consider approval of minutes from July 8, 2010 meeting The minutes were tabled until the next meeting 3. Discuss Medical Costs for 2011. The Board was given an illustration of the Employee Health Services budget and an illustration of why staff wanted 180 days of working capital in reserves. The group agreed that the amount of money made requested made sense. Clark wanted to make sure the General Fund was able to transfer the money and if there was any reserve in any other account. Michael stated no, the City has drawn down the reserves in the other accounts. Some of the reserve money went to the Employee Health Services account in previous years to make up the difference. Martha mentioned that she wanted the City to look for other alternatives other than increasing employee premiums. She also thought we should leave the account as is without requesting any money from the General Fund. Heather expressed we could do that, but it concerned her that next year we would need even more money. The group came to an agreement that we would request the money to be transferred from the General Fund. 4. Consider approval of a recommendation to City Council regarding Medical Costs for 2011. Martha made a motion, Clark seconded; motion passed. 5. Administrative Reports Heather explained the medical RFPs were due Thursday, July 16th at 2:00 pm 6. Board Comments a. Matters appearing on the agenda b. Inquiry of staff regarding specific factual information or existing policy None 7. Adjournment The meeting was adjourned at 3: 12 Respectfully submitted, jlu:tJ^,lA ~ Heather Weger