HomeMy WebLinkAboutBPW-11-04-09-02 Temp Suspension of Health Ins. Contributions RESOLUTION BPW 11 -04 09 -02
A RESOLUTION TEMPORARILY SUSPENDING EMPLOYER AND EMPLOYEE
HEALTI I INSURANCE CON FRIBUTIONS
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 $1 4
million and
WI IEREAS the current balance when combined with anticipated revenue for
2010, exceeds what is necessary to pay anticipated claims and administrative expenses
for the foiesceable future and
WHEREAS it is not in the best interests of the City or its employees to keep in
the Fund -1 reserve greater than what is reasonably required
NOW TI ICRCF'ORC BE IT RESOLVED by the Carmel Board of Public Works
and Safe ti as follows
LAS7)0 r er /e(it/n eabge; aso-9
Effective Ikccnib& 1 2009 to December 31 2009 health insurance contributions will
not be collected Flom Plan participants who ate active or retired employees, or from the
City of Carmel Contributions will resume January 1 2010
CITY or CA Rh INDIANA
By and through its Board of Public Works and Safety
es Biatnard Presiding Officer Date
X107 i.eSQ47F
Mary Ann Burke Board Member Date
tt 14 /D4
Lon s. e oard Member Date
ATTE/
4 a Ago 9
liana Cot di as, I Zirerk Treasurer Date