TO: Mayor Thomas J. Weisner
FROM: Alisia Lewis, Director of Human Resources
DATE: September 17, 2014
SUBJECT: title
A Resolution Establishing Heath and Dental Insurance Monthly Rates of Contributions for Retirees Effective January 1, 2014.
body
PURPOSE:
To establish the 2014 PPO and dental rates for the City of Aurora retirees.
BACKGROUND:
Each year the premium rates of health and dental insurance for retirees and their qualified dependents are adjusted accordingly from the prior year's rates on the basis of past actual claims experience, projected loss experience and increased medical and dental costs associated with the PPO health insurance and dental plan offered by the city. The city offers three tiers of insurance for retiree, retiree + 1 and retiree + family coverage. Retirees pay based on the applicable level of coverage chosen at time of retirement and pursuant to whichever pay plan or collective bargaining agreement is currently in effect. The attached rate sheets detail the percentages ongoing applicable to each city group of retirees for their 2014 premiums.
DISCUSSION:
The attached 2014 retiree insurance premium rates have been adjusted in accordance with their respective collective bargaining agreements or pay plans with six bargaining units' retiree rates subject to change pending contract negotiations. Retiree dental premiums are the same as for active employees.
IMPACT STATEMENT:
RECOMMENDATIONS:
Place on the Finance Committee calendar for approval to City Council.
cc: Alderman O'Connor, Chairman
Alderman Schuler
Alderman Mervine
Alderman Peters, Alternate