HomeMy WebLinkAboutBPW 12-06-17-14 Temporary Suspension of Employee Health Insurance ContributionsPremium Holiday 2017
RESOLUTION BPW 12-06-17-14
A RESOLUTION TEMPORARILY SUSPENDING EMPLOYER AND EMPLOYEE
HEALTH INSURANCE CONTRIBUTIONS
WHEREAS, the City Medical Escrow Fund (the "Fund"), as established by
Ordinance D-1048 on February 21, 1994, currently has a balance in excess of $3.5
million; and
WHEREAS, the current balance, when combined with anticipated revenue for
2018, exceeds what is necessary to pay anticipated claims and administrative expenses
for the foreseeable future; and
WHEREAS, it is not in the best interests of the City or its employees to keep in
the Fund a reserve greater than what is reasonably required.
NOW, THEREFORE, BE IT RESOLVED by the Carmel Board of Public Works
and Safety as follows:
Effective December 1, 2017, to December 31, 2017, health insurance contributions will
not be collected from active employees or retirees who are Plan participants, or from the
City of Carmel. Contributions will resume January 1, 2018.
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Premium Holiday 2017
CITY OF CARMEL, INDIANA
By and through its Board of Public Works and Safety
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James Brainard, Presiding Officer
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Mary'Au&,B / r Member
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Lori (Watsof, $oard Member
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