02-28-12 Chapter 172 Employee Retiree Insurance and Benefits Board

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Meeting Minutes for the City of La Porte Chapter 172 Employee Retiree Insurance and Benefits Board Held on February 28,2012 at 2:00 PM 1. Call to Order The meeting was called to order at 2:06 PM Members Present: Steve Valerius, Clark Askins, Michael Dolby, Matt Daeumer, Aaron Corrales, Heather Weger, Nicole Wells Members Absent: Juliane Graham 2. Consider approval of minutes from November 1, 2011 meeting Matt made a motion to approve the minutes as presented, Michael seconded; the motion carried 3. Receive report from McGriff, Seibels and Williams on Medical Claims The Committee received a report from Steve Austin from McGriff, Seibels and Williams 4. Consider approval or other action regarding options for a Tiered System for Medical Coverage. The Committee received a report from Steve Austin from McGriff on the budget impact a Tiered system for medical premiums would have on the City's Medical Fund. The report showed based on the City's turnover within the last 5 years, doubling employee premiums for new hires, would bring an estimated addition revenue of $17,886.90 annually and tripling employee premiums for new hires only would bring an estimated additional revenue of $43,666.89. Based on this information and the financial information received form the Consultant, the Committee made a motion to not recommend the the tiered system to Council as an option for impacting the medical fund. The motion passed unanimously. 5. Administrative Reports Heather Weger informed the Committee her last day with the City of La Porte would March 30`n 6. Board Comments — Matters appearing on the agenda; Recognition of community members, city employees, and upcoming events; Inquiry of staff regarding specific factual information or existing policy None 7. Adjournment There being no further business, the meeting was adjourned at 3:28 PM Approved and Passed this day ma 15"h 2012