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AGENDA ITEM REVIEW FORM |
3.B.
Special City Council Meeting
- Meeting Date:
- 04/30/2025
- Department Head:
- Adela Cortez
- Submitted By:
- Maria Barajas Gutierrez, Human Resources Coordinator, Human Resources Department
Action Requested:
Motion
ITEM:
Discussion and possible action on any and all matters regarding the Employees' Health Benefits Plan Renewal and Premiums increase. (Adela Cortez, Director of HR and Roula Encinas, Director of Finance)
SUMMARY:
As outlined in the previous item presented by CBIZ, based on available claims data as of March 31, the projected total annual funding required for Fiscal Year 2025-2026 is $4.3 million.
The Board of Trustees recommend a partial cost-sharing increase for employees, noting that employee premium contributions have remained unchanged for the past eight years. (see attachment #1)
Under this recommendation, employee contributions will increase by $252,000, bringing the total employee contribution $670,000. The City's contribution will increase by $797,000, making the employer's total contribution $3.7 million.
On April 24, 2025, the Employee Benefit Board of Trustees approved and recommended to the Council the cost-sharing of the premium increase and an allocation of $3.7 million to the Trust for Fiscal Year 2025-2026.
The Board of Trustees recommend a partial cost-sharing increase for employees, noting that employee premium contributions have remained unchanged for the past eight years. (see attachment #1)
Under this recommendation, employee contributions will increase by $252,000, bringing the total employee contribution $670,000. The City's contribution will increase by $797,000, making the employer's total contribution $3.7 million.
On April 24, 2025, the Employee Benefit Board of Trustees approved and recommended to the Council the cost-sharing of the premium increase and an allocation of $3.7 million to the Trust for Fiscal Year 2025-2026.
RECOMMENDATION / SUGGESTED MOTION:
I MOVE TO APPROVE THE EMPLOYEE BENEFITS TRUST'S RECOMMENDATION FOR A COST-SHARING OF THE PREMIUM INCREASE AND AN ALLOCATION OF $3.7 MILLION TO THE TRUST FOR FISCAL YEAR 2025-2026.
Fiscal Impact
- IS THERE FISCAL IMPACT ASSOCIATED WITH THIS ITEM:
- N/A
- CITY/STATE/FEDERAL FUNDS:
- N/A
- TOTAL:
- N/A
- BUDGETED AMOUNT:
- N/A
- AVAILABLE AMOUNT TO TRANSFER:
- N/A
- ACCT NAME & GL#/REMAINING BALANCE BEFORE PURCHASE:
- N/A
FISCAL IMPACT STATEMENT (IF THIS IS A BUDGET TRANSFER, YOU MUST ATTACH THE BUDGET ADJUSTMENT FORM):
N/A