Thursday, December 15, 2011

City Council Finally Will Hear ERRP Presentation

City staff will make a presentation on the Early Retiree Reinsurance Program, nearly 16 months after being approved by Health & Human Services.  ERRP went from:
--invisible to 
--hush-hush to 
--iffy to
--too complex to
--nearly $350,000 in cash
It's item # 11 on the agenda:

Consideration of the following matters related to the Early Retiree Reinsurance Program (ERRP) reimbursement funds
a. Consideration of accepting said funds
b. Discussion and possible action regarding allocation for use of said funds received in the amount of $343,287.50 and based on the 2010 health insurance claims (Presentation by Human Resources and Risk Management Director Lisa Marley)
The city is restricted in its use of ERRP money.  Eventually it will be used to lower premiums for workers/retirees or improve benefits.  The city did not use ERRP funds for either purpose in 2011 or 2012.  Maybe they'll have an impact in 2013...

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