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6.1b. ERMUSR 09-09-2014
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6.1b. ERMUSR 09-09-2014
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9/9/2014 12:05:25 PM
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City Government
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ERMUSR
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9/9/2014
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9.9%. The calculated rate increase was 15.1%and because of our participation in the pool, it <br /> was limited to 9.9%. This is for both plans and is an increase of$53,298, 75% for the employer <br /> would be $39,974 and 25% for the employees would be $13,324. The summary of the rate <br /> changes are attached. If we want to explore options either in the exchange market outside of the <br /> pool, or different options within the pool,please let me know so I can bring back options to the <br /> wage and benefits committee, and then recommendations to the commission for a decision in <br /> October. A decision later than October would not provide enough time to make the necessary <br /> adjustments for the next year with all the contract paperwork now required within the insurance <br /> arena. <br /> ATTACHMENTS: <br /> • Paymentus Buyout Information <br /> • Paymentus Amending Agreement <br /> • Paymentus Master Services Agreement <br /> • Paymentus Notice of Non-Renewal <br /> • NISC Cost Comparison Estimate <br /> • Health Insurance Renewal Rates Summary <br /> • <br /> !POWERED 11 <br /> Page 2 of 2 NATURE <br /> Reliable Public <br /> Power Provider P OwERED T o S ERVE <br /> 70 <br />
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