Agenda - Council - 12/13/2022 - Laserfiche WebLink

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CC Regular Session Meeting Date: 12/13/2022 By: Colleen Lasher, Administrative Services Information 5.23. Title: Adopt Resolution #22-283 Authorizing the City's 2023 Non -Union Health and Dental Insurance Contributions and Cost of Living Adjustment Purpose/Background: The purpose of this case is for City Council consideration of non -union employee health and dental insurance contributions and wage adjustments. All union contracts have received the same COLA and benefit adjustments as are being proposed for non -union employees. Wage adjustments for the cost of living (COLA) are 3%. Health Insurance The City continues to be a member of LOGIS (Local Government Information Systems), which is a consortium of Minnesota local government units. This consortium has many benefits, including coverage by the group's health plan. Employees may choose a health plan that best meets their needs by selecting one of four tiers and choosing between two networks; or they may choose to waive the City's health insurance. If approved, the City's total monthly contribution to health insurance will be as follows: • Employee only (single) City contribution, not to exceed $961.00; and • Employee and Children City contribution is $1153.50; and • Employee and Spouse City contribution is $1211.40; and • Family City contribution is $1499.40. In addition to the premium contributions listed above, the city will contribute the following to the H.R.A./V.E.B.A. or H.S.A., as follows: • Single plans with a $4000 deductible receive $194.00 per month toward the H.R.A./V.E.B.A. or H.S.A. • Other single plans receive $130.00 per month toward the H.R.A./V.E.B.A. or H.S.A. • All employee + children and employee + spouse plans will receive $160.00 per month toward the H.R.A./V.E.B.A. or H.S.A. • All family plans will receive $192.00 per month toward the H.R.A./V.E.B.A. or H.S.A. Or The City will pay $370 per month in 2023 in lieu of health insurance benefits for employees who waive such coverage. All waiving employees must agree to the terms of the waiving benefit as described within the City's policy and sign the acknowledgement form. Life Insurance If approved, the City will continue to purchase $20,000 of basic life and AD&D insurance for full-time regular employees working 30 hours per week and employees participating in the PERA's phased retirement program. The cost of basic life insurance is $3.40 per month per employee. Single Dental Insurance If approved, the City's monthly contribution to single dental insurance will be $37.84 per month. The City will not offer credit in lieu of coverage for dental insurance. Wages Cost -of -living Adjustment (COLA): If approved, the City's COLA will be 3.00%, effective January 1, 2023.