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Page 1 of 2 <br /> <br />AGENDA ITEM – 1A <br /> <br />MEMORANDUM <br /> DATE: October 24, 2022 TO: Honorable Mayor and City Councilmembers FROM: Dave Perrault, City Administrator SUBJECT: Employee Benefit Discussion <br /> <br />Budgeted Amount: Actual Amount: Funding Source: <br />N/A N/A N/A <br /> For Council Consideration <br /> <br />The City Council should consider providing direction on 2023 Employee Benefits selection. <br /> <br />Background <br /> <br />The City received notice regarding its benefit increases for 2023, the City’s current carrier PEIP is <br />anticipating a 50 percent increase in its premiums (note, the union’s insurance is expecting a 6 or 7 <br />percent increase). Following this news, the City requested its benefit consultant obtain quotes for <br />other options in 2023. Below is a current break down of what the City pays and what the employee <br />pays. Note, the below table does not reflect Union rates as they are on a different plan, per their <br />contract they receive the same amounts as non-union employees. Their current premium is $1,345 <br />and the City pays $1,216, leaving the union employee responsible for $130. Staff will need Council <br />feedback on this to alert carriers of the decision and work the numbers into the draft budget. <br /> <br />