Placement: Resolutions
Action Requested: Motion / Vote
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Resolution 25-R72, Approve the Retiree Health Insurance Policy Applicable to those Hired On or After July 12, 2010 (Rule of 62)
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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): The City of Port St. Lucie has provided continuation health coverage to employees upon their separation from service in good standing and having met certain outlined criteria. The attached serves to amend the policy applicable to those hired on or after July 12, 2010.
Presentation Information: Staff is available to answer any questions the Council may have.
Staff Recommendation: Move that the Council approve the Retiree Health Insurance Policy applicable to those hired on or after July 12, 2010 (Rule of 62).
Alternate Recommendations:
1. Move that the Council amend the recommendation and approve the Retiree Health Insurance Policy applicable to those hired on or after July 12, 2010 (Rule of 62).
2. Move that the Council provide staff with direction.
Background: The City Council has established an employee benefits system that includes the City of Port St. Lucie Health Insurance Plan for its employees. Florida law requires the City to offer retired employees and their dependents the option of continued participation in this Health Insurance Plan after retirement. In accordance with Resolution 10-R49, passed and adopted on July 12, 2010, the City implemented a "Rule of 75" which allowed employees hired on or after July 12, 2010, and their dependents, to continue coverage if the employee separated from service in good standing, reached a minimum age of 55, had a minimum of ten (10) years of credited service, and collectively the employee's age and years of credited service totaled at least 75. This Rule of 75 conflicted with the Subsidy Policy eligibility requirements. T...
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