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CONSENT ITEM – 6C <br /> <br />MEMORANDUM <br /> <br />DATE: <br /> <br />December 14, 2020 <br />TO: Honorable Mayor and City Councilmembers <br />Dave Perrault, City Administrator <br />FROM: Gayle Bauman, Finance Director <br />SUBJECT: 2021 City Contribution to Employee Monthly Benefits <br />Budgeted Amount: Actual Amount: Funding Source: <br />N/A N/A N/A <br /> <br />Council Should Consider <br />The City Council should consider approving Resolution 2020-062 setting the City Contribution to <br />Employee Monthly Benefits for the 2021 benefit year. <br /> <br />Background <br />Each year, the City needs to review the employee benefit options for the coming year and set the <br />monthly contribution rates. <br /> <br />Discussion <br />This is the third year of the Minnesota Public Employees Insurance Program (PEIP). Rates <br />increased 9.5% overall for health insurance. It is proposed that the city’s payment toward employee <br />health insurance will increase $43.48 per month for an employee on a single plan and $87.50 per <br />month for an employee on a family plan. This is approximately a $19,500 increase in the budget. <br />The City would also cover the employee dental premium for those employees that chose a Single <br />health plan. No changes were made to the Life, Short Term or Long Term Disability benefits. <br /> <br />Attachments <br />Attachment A: Resolution 2020-062 <br /> <br />