Placement: Resolutions
Action Requested: Motion / Vote
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Resolution 25-R73, Approve the Revised Subsidy Policy for Retiree Health Insurance Coverage
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Submitted By: Kimberly Sala, Assistant Director, Human Resources
Strategic Plan Link: The City's Goal of a high-performing city government organization.
Executive Summary (General Business): Approval of the revised Subsidy Policy. The Subsidy Policy aids with payment of health insurance premiums to those employees who qualify as a retiree under the City's Retiree Policies.
Presentation Information: Staff is available to answer any questions the Council might have.
Staff Recommendation: Move that the Council Approve the revised Policy.
Alternate Recommendations:
1. Move that the Council amend the recommendation and approve the revised Policy.
2. Move that the Council provide Staff with direction.
Background: The Collective Bargaining Agreement ("CBA") between the City and Coastal Florida Public Employees Association, Inc. ("PEA"), effective October 1, 2004 through September 30, 2007, contained a requirement that the parties discuss a defined benefit pension plan, a Final Pay Deferral Plan, a Retirement Health Savings Plan, and Retiree health insurance benefits. On April 18, 2005, and as a result of the discussions mandated by the PEA CBA, the Subsidy was adopted by the then-Council with an effective date of October 1, 2005. The Subsidy was terminated by Council Resolution (Resolution 10-R83) on October 25, 2010. As such, anyone hired on or after October 25, 2010 is no longer eligible to receive the subsidy.
Issues/Analysis: Since the inception of the subsidy program, no formal policy was issued. Instead, a brief one-page summary sheet was provided, outlining certain age requirements, service requirements, and other participation criteria. However, the one-page summary sheet contained information regarding retiree health insurance coverage and lead to confusion. The attached Policy is intended ...
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