STRATEGIC PRIORITY: Government Performance and Financial Management
AGENDA DATE: September 22, 2021
COUNCIL DISTRICT(S): All
DEPARTMENT: Department of Human Resources
EXECUTIVE: Kimberly Bizor Tolbert
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SUBJECT
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Authorize (1) approval of the proposed plan design effective January 1, 2022; and (2) approval of the proposed health coverage plans and premium rates including all of the separate health benefit plans for retirees and their families including the self-insured health plans - Financing: Employee Benefits Fund and City Employee/Retiree Contributions (see Fiscal Information)
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BACKGROUND
The 2021 health plan overview and contribution rates were previously reviewed and approved by City Council on June 24, 2020.
PRIOR ACTION/REVIEW (COUNCIL, BOARDS, COMMISSIONS)
On September 19, 2012, City Council authorized approval of the proposed plan design changes effective January 1, 2013; and approval of the proposed health coverage contribution and premium rates by Resolution No. 12-233.
On September 18, 2013, City Council authorized approval of the proposed plan design changes effective January 1, 2014; and approval of the proposed health coverage contribution and premium rates by Resolution No. 13-1650.
On June 24, 2020, City Council authorized approval of the proposed plan design changes effective January 1, 2022; and approval of the proposed health coverage contribution and premium rates by Resolution No. 20-1122
On June 24, 2020, City Council authorized approval of the proposed plan design changes effective January 1, 2021; and approval of the proposed health coverage contribution and premium rates by Resolution No. 20-1122.
FISCAL INFORMATION
Total cost based on the number of employee/retiree participants in the plan.
Employee Benefits Fund:
Total Revenue* - $168,329,071
• Employee Contributions - $40,959,071.00 (cost consideration to others)
• Retiree Contributions - $27,867,000.00 (cost consideration to others)
• City Contributions - $99,503,000.00
Expenditures - $176,549,294
*Reflects Use of Fund Balance as Expenditures exceed Revenues