Employee Benefit Trust Minutes - 03/11/2003 CITY OF WICHITA FALLS
EMPLOYEE BENEFITS TRUST MEETING
MARCH 11, 2003
Present: Bill Sullivan, Chair
James Berzina, City Manager
Jim Dockery, Director of Finance
Jan Stricklin, Director of Administrative Services
Gail Garmon, Employee Benefits Coordinator
The meeting was called to order by Bill Sullivan at 2:00 PM
The meeting was then adjourned until 3:30 PM due to one of the Board members being
unable to attend at 2:00.
The meeting resumed again at 3:30 PM
A motion was made and seconded to accept the minutes of the last meeting with no
corrections. Motion carried.
Agenda Items:
Financial Statement:
A brief financial statement of EBT expenditures was presented by Gail Garmon. Jim
Dockery then reported that the Trust ended January 2003 with total expenditures of
$1,681,140. compared to $1,206,685. in January 2002 and $1,118,970. in January 2001.
He stated that he expects the Trust will end the fiscal year with a deficit of between
$472,490. and $1,169,095.
Old Business
There was no old business.
New Business
Jan Stricklin presented an amendment to the Master Plan that will put a cap of
$20,000.00 lifetime benefit for weight reduction treatment. After discussion, a motion
was made and seconded to accept the amendment. Motion carried.
Jim Dockery and Jan Stricklin then presented five proposals aimed at increasing the
revenue of the Trust to help meet the expected deficit. After much discussion a motion
was made and seconded to accept Proposal #1 which would increase employee premiums
by $10.00 per month, per covered individual on Plan A, $7.50 Plan B, $2.50 Plan C and
$5.00 Plan D, increase Retiree premiums by a flat $25.00 per month for Retiree
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W/Spouse, and Retiree W/Family, raise the prescription co-pays by $10.00 each per
prescription, change the major medical copay from 80/20 and 70/30 to 75/25 in-network
and 65/35 out-of-network, and raise the City's contribution by 5%. It is projected that
these changes will increase revenue by approximately$734,256. per year.
Motion carried.
The meeting was adjourned at 5:35 PM.
R ctfully sub ed,
Stricklin
irector of Administrative Services
AMENDMENT:
TO CITY OF WICHITA FALLS EMPLOYEE BENEFITS TRUST HEALTH AND
DENTAL PLAN.
Adopted March 11,2003
Effective May 1,2003, the following changes will be in effect:
All prescription card co-pays,for both retail and mail order,will increase by$10.00.
Employee and retiree premiums will increase as to the following:
a. $10.00 per month per covered individual on Plan A
b. $7.50 per month per covered individual on Plan B
c. $2.50 per month per covered individual on Plan C
d. $5.00 per month per covered individual on Plan D
e. A flat$25.00 per month for Retiree w/Spouse and Retiree w/Family
The City will increase it's contribution by 5%.
Medical coinsurance will be paid at 75/25 for in network providers (from 80/20) and
65/35 for out of network providers (from 70/30).
James Berzine/City Manager Jan Strickiin/Plan Administrator