Franklin County changes meeting dates; accepts bid for interest on Unorganized Territory banking [Sun Journal, Lewiston, Maine]
Jan. 17—FARMINGTON —
County Administrator
Bernard told commissioners as part of the banking review for Unorganized County funds that rates are significantly higher than what they are getting.
Several banks offered proposals on the interest rate.
The county is currently getting 1.5%. Franklin Savings' proposal was for 3.5%. The plan is the county would put
Commissioners also voted 2-1 to allow benefit-eligible employees who opt to enroll in a Medicare Plan to waive enrollment in the health insurance offerings through the county's health insurance provider and receive 100% of the total benefits package offered to full-time employees unless a specified percentage is assigned.
These benefit dollars will be applied to a Medicare supplemental health plan and additional, optional benefits where applicable, according to the draft of the employee benefits.
The employee will be required to present proof of health insurance coverage once enrolled, and direct payments will be made to the supplemental health insurance carrier.
Commission Chairman
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