City sees insurance increase
"Health insurance is a real challenge for the budget the last two years," said City Manager
At this time, the city pays health insurance for its employees with a
Employees who were hired prior to
Retiree insurance costs amounted to more than
"Qualifying retirees with Plan A and Plan B policies could get Plan F supplemental insurance and the city purchased those plans for them," Bechtel explained. "We now have 38 retires who are eligible for the Plan F and prescription coverage and paying
Had the city not moved those 38 qualifying retirees to Plan F, it would have cost the city
The retirees which have the benefit are not police or fire department retirees, as they have their own pension funds and insurance benefits, Bechtel explained.
The benefit was formalized in 1978, when
"Councilman (Ray)
Two councilmen were absent for the meeting -- Thackrey and May.
"The mayor disagreed," the minutes state. "He said this will put a burden on taxpayers although he has nothing against people affected, personally. The Mayor fears this will amount to a considerable amount over the next 20 years."
Former Councilman
"Former Councilman
The minutes indicate Roth and Baril voted to pass the resolution and Martin against. However, on
"This resolution is hereby adopted paying the insurance premiums for the retired people that we have been paying for in the past and to continue paying the premiums for the people as they retire from the city in the future," the resolution states.
In 1987 -- after Botch left city employment -- the city council negotiated with its employee unions to rescinded paying 100 percent of health insurance premiums for retirees.
"Currently, the city pays 100 percent of the costs of 95 eligible retired and disabled employees who were hired before
___
(c)2017 the Mt. Vernon Register-News (Mount Vernon, Ill.)
Visit the Mt. Vernon Register-News (Mount Vernon, Ill.) at register-news.com
Distributed by Tribune Content Agency, LLC.



A.M. Best Affirms Credit Ratings of Ameritas Life Insurance Corp. and Subsidiary
High court pick Gorsuch is harsh critic of assisted suicide
Advisor News
- The best way to use a tax refund? Create a holistic plan
- CFP Board appoints K. Dane Snowden as CEO
- TIAA unveils ‘policy roadmap’ to boost retirement readiness
- 2026 may bring higher volatility, slower GDP growth, experts say
- Why affluent clients underuse advisor services and how to close the gap
More Advisor NewsAnnuity News
- Pinnacle Financial Services Launches New Agent Website, Elevating the Digital Experience for Independent Agents Nationwide
- Insurer Offers First Fixed Indexed Annuity with Bitcoin
- Assured Guaranty Enters Annuity Reinsurance Market
- Ameritas: FINRA settlement precludes new lawsuit over annuity sales
- Guaranty Income Life Marks 100th Anniversary
More Annuity NewsHealth/Employee Benefits News
- Research from Northwestern University Feinberg School of Medicine Yields New Findings on Managed Care (Systematic Review of Managed Care Medicaid Outcomes Versus Fee-for-Service Medicaid Outcomes for Youth in Foster Care): Managed Care
- Researchers from University of Alabama Report Details of New Studies and Findings in the Area of Managed Care (Nursing leadership in Housing First implementation: A comparative analysis of care coordination approaches across four U.S. states): Managed Care
- Studies from Johns Hopkins University Bloomberg School of Public Health in the Area of Mental Health Diseases and Conditions Described (Mental health care use after leaving Medicare Advantage for traditional Medicare): Mental Health Diseases and Conditions
- New Findings from Robert L. Phillips and Co-Authors in the Area of Health and Medicine Reported (Estimation of Mortality via the Neighborhood Atlas and Reproducible Area Deprivation Indices): Health and Medicine
- Far fewer people buy Obamacare coverage as insurance premiums spike
More Health/Employee Benefits NewsLife Insurance News