8.1. SR 11-13-2000 - Laserfiche WebLink

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. . . approximately $270,000 for non-union employee insurance. The actual cost, of course, may vary depending upon any adjustments the Council makes to the contribution levels. One of the main goals is to decrease the amount employees pay for family insurance. The full flex proposal increases the family contribution to $500 per month. This is high in comparison to other cities; however, it needs to be that high to offer any savings to this group of employees. The proposed plan would decrease the amount these employees pay by $230 to $300 per year depending on the coverage selected. The only way to further decrease the employee cost is to increase the city contribution. The main benefit of a cafeteria plan is that it offers choice and ownership to employees. Employees have control of how their money is spent for benefits. Employees can then decide what is best for their individual situation, and spend their benefit money appropriately. Conclusion Members of the Benefits Committee will be present at the meeting to present and discuss this proposal in greater detail. There are too many issues to discuss all of them in this memo so please contact a committee member or me on Monday if you need additional information prior to the meeting. Employees will receive this information before the meeting and may be at the meeting to express their views on the proposal. If the Council agrees to implement a Flexible Benefits Plan, it will be important to move quickly so everything can be in place for implementation on January 1, 2001. It will be necessary to involve an expert in this area to draft the plan and to assist with employee meetings and enrollment this first year. The consultant has estimated that it will cost around $3,000 to $5,000 to draft and implement the plan. Action Reauested The Council is asked to consider the 2001 benefits proposal as presented by the Benefits Committee.