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AGENDA ITEM REVIEW FORM |
3.B.
Employee Benefit Trust Board Meeting
- Meeting Date:
- 09/14/2022
- Department Head:
- Adela Cortez
- Submitted By:
- Maria Barajas Gutierrez, Human Resources Coordinator, Human Resources Department
ITEM:
Discussion and possible directions to the Consultant and Executive Advisors on any and all matters regarding the review of the claims for the Fiscal Year 2021-2022. (Susan Posada, Broker and Consultant).
SUMMARY:
A management report is created to provide a look at monthly claims and expenses associated with the Trust fund and revenues paid to the Trust by the City. For the plan year, the City of San Luis funded the plan with $2,951,333. Claims totaled $3,076,232 and total claims and expenses totaled $4,064,614. The Stop Loss carrier reimbursed the City with $997,048.
RECOMMENDATION / SUGGESTED MOTION:
Discussion and possible directions to the Consultant and Executive Advisors only, no action item.
Fiscal Impact
Fiscal Impact:
N/A