HomeMy WebLinkAboutBPW-10-17-07-03 Temp Suspension/Health Ins Contr
RESOLUTION BPW 10-17-07-03
A RESOLUTION TEMPORARlL Y SUSPENDING EMPLOYER AND EMPLOYEE
HEALTH INSURANCE CONTRIBUTIONS
WHEREAS, the City Medical Escrow Fund (the "Fund"), as established by
Ordinance D-l048 on February 21, 1994, currently has a balance in excess of $1.7
million; and
WHEREAS, the current balance, when combined with anticipated revenue for
2008, 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, 2007, to December 31, 2007, health insurance contributions will
not be collected from Plan participants who are active or retired employees, or.from the
"City of Cannel. Contributions will resume January 1,2008.
CITY OF CARMEL; INDIANA
By and through its Board ofPubllc Works. and Safety
/O/J 7 /07
Datt! I
/0 -) 7- 07
Date
/0/1'/07
Date
10/'/ J 07
Date I