Title
RESOLUTION NO. 20R-06-90: A RESOLUTION RESCINDING AND REPLACING RESOLUTION NO. 20R-05-80; PROVIDING FOR THE PAYMENT OF THE MONTHLY HEALTH INSURANCE STIPEND AUTHORIZED BY RESOLUTION NO. 17R-04-130 DIRECTLY TO THE CITY’S HEALTH INSURANCE PLAN TO ALSO PERMIT COMPENSATION FOR NON-CITY HEALTH PLANS; PROVIDING FOR AN EFFECTIVE DATE (REQUESTED BY INTERIM CITY MANAGER, DESORAE GILES-SMITH).
Body
Request Action:
Pass a Resolution authorizing the payment of the monthly health insurance stipend to be paid directly to the city's health insurance plan was passed in May via Resolution No 20R-05-80. The prior Resolution failed to clarify that a former employee is permitted to be chose a health insurance plan other than the city health insurance plan, and would still qualify for reimbursement. This Resolution clarifies that an eligible retiree would be entitled to compensation for both qualifying city and non-city health insurance plans.
Need:
To authorize a health insurance stipend to be paid directly to the health insurance plan for both City health insurance plans or non-City health insurance plans.
Summary Explanation/ Background:
Resolution No. 17R-04-130 was previously approved to allow a monthly health insurance stipend. This Resolution would authorize that payment to be made directly to the City's health insurance plan The stipend would be deemed taxable income, unless the employee is a member of the city health insurance plan and makes an election to have the stipend be paid directly to the plan or as reimbursement of actual health insurance payments in which case it would not be reported as income.
Attachments:
Number all attachments consecutively.
Cost Summary/ Fiscal Impact:
Include projected cost, approved budget amount and account number, source of funds, and any future funding requirements
Estimated Time for Presentation:
Master Plan:
Goal 1: Clean, Green Sustainable Environment
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