HomeMy WebLinkAboutBPW10-15-08-06 Health Ins ContributionsRESOLUTION BPW 10-15-08-06
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.$2.5
million; and
WHEREAS, the current balance, when combined with anticipated revenue for
2009, 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 November 1, 2008, to. December 31, 2008, health insurance contributions will
not be collected from Plan participants who are active or retired employees, or from the
City of Carmel. Contributions will resume January 1, 2009.
CITY OF CARMEL, INDIANA
By and through its Board of Public Works and Safety
n
ames Brainard, Presiding Officer
A 1 A
ATTEST:
Di6a Cordray,IAM lerk-Treasurer
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Jo -is =08
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