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'It <br />,-ARZEN HILLS <br />MEMORANDUM <br />DATE: October 24, 2022 <br />Attachment A <br />TO: Honorable Mayor and City Councilmembers <br />FROM: Dave Perrault, City Administrator <br />SUBJECT: Employee Benefit Discussion <br />Budgeted Amount: Actual Amount: Funding Source: <br />N/A N/A N/A <br />For Council Consideration <br />The City Council should consider providing direction on 2023 Employee Benefits selection. <br />Background <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 />EmployeePER Plan-. Premium ..Total <br />EmployerSingle <br />Advantage 787.14 104.68 $682.46 I N!A $50.57 $733.03 <br />Value $709.80 $27.34 1$682.46 1 NA $50.57 $733.03 <br />H.S.A. $557.46 $0 1$557.46 1$125.00 $50.57 $733.03 <br />Plan: <br />1= <br />EmployeePER .. <br />EmployerFamily <br />Advantage <br />$2,055.36 $839.75 $1,215.61 1 NIA <br />Iso <br />1 $1,215.61 <br />Value <br />$1,848.98 $633.37 $1,215.61 1 NIA <br />1 $0 <br />1 $1,215.61 <br />H_ _A. <br />1 $1,441.14 $3501_53 $1,090.61 1$125.00 <br />1 $0 <br />1 $1,215.61 <br />Page 1 of 2 <br />