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TO: Mayor Thomas J. Weisner
FROM: Alisia Lewis, Director of Human Resources
DATE: September 9, 2016
SUBJECT:
A Resolution Establishing Heath and Dental Insurance Monthly Rates of Contributions for Retirees Effective January 1, 2017 through December 31, 2017.
PURPOSE:
To establish the 2017 Open Access Plus (OAP) 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 medical and dental costs associated with the OAP health insurance and dental plan currently 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 2017 premiums.
DISCUSSION:
The attached 2017 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 and there is no increase in dental premiums for 2017.
IMPACT STATEMENT:
No Impact
RECOMMENDATIONS:
Place on the Finance Committee calendar for approval to City Council
cc: Alderman O'Connor, Chairman
Alderman Mervine
Alderman Bohman
Alderman Mesiacos, Alternate
CITY OF AURORA, ILLINOIS
RESOLUTION NO. _________
DATE OF PASSAGE ________________
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A Resolution Establishing Health and Dental Insurance Monthly Rates of Contributions for Retirees Effective January 1, 2017 through December 31, 2017.
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WHEREAS, the City of Aur...
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