HomeMy WebLinkAboutResolution_BPW_01-06-21-05; Carmel Medical Escrow Fund; Premium HolidayPremium Holiday 2020
RESOLUTION BPW 01-06-21-05
A RESOLUTION TEMPORARILY SUSPENDING EMPLOYEE AND/OR
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 $2.1 million, with nearly $870,000.00 additional due for reimbursement of COVID-19
testing costs; and
WHEREAS, the current balance, when combined with anticipated revenue for
2021, 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:
1. The City will not collect medical or dental insurance contributions from active
employees who are Plan participants for the 26th pay of 2020 (pay date December
18, 2020). The City’s employer contributions will be paid on that date.
2. The City will not collect medical or dental insurance contributions from active
employees who are Plan participants, nor will it make employer contributions, for
the 27th pay of 2020 (pay date December 31, 2020).
3. All employee and employer contributions will resume January 1, 2021.
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DocuSign Envelope ID: 44438FAA-BD5E-482D-91D3-FB21F5175785
Premium Holiday 2020
CITY OF CARMEL, INDIANA
By and through its Board of Public Works and Safety
___________________________________
James Brainard, Presiding Officer
Date: ______________________
___________________________________
Mary Ann Burke, Board Member
Date: ______________________
___________________________________
Lori Watson, Board Member
Date: ______________________
ATTEST:
___________________________________
Sue Wolfgang, City Clerk
Date: ______________________
DocuSign Envelope ID: 44438FAA-BD5E-482D-91D3-FB21F5175785
1/7/2021
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1/7/2021