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RESOLUTION BPW 11-06-19-01
A RESOLUTION TEMPORARILY SUSPENDING EMPLOYEE AND EMPLOYER
MEDICAL AND DENTAL INSURANCE CONTRIBUTIONS
WHEREAS, the City of Carmel 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
2020, 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:
Medical and dental insurance contributions will not be collected from active employees
or retirees who are Plan participants, or from the City of Carmel, for pay dates November
22, December 6 and December 20, 2019. Contributions will resume January 1, 2020.
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Premium Holiday 2019
CITY OF CARMEL, INDIANA
By and through its Board of Public Works and Safety
A�ames Brainard, Presiding O icer
Date: 8- ;T-L,L4 207i
ary e .SieC:it,t-L
Burke, Board Member
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Lori Wat , oard Member
Date: i i/ (p/ (Cr
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Christine Paul , Clerk-Trea r
Date: I( /42