Agenda - 09-01-1998 - 9b - Laserfiche WebLink

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avaclunevt ABC Board Retiree Health Igsurence Background Effective Jwuary I,1998 Ne Orange Cowty ABC Board implemented a chmge m its retiree hea1N iruurcnce policy for employtts rc['ving Gom service wish Ne Orange CowryABC Board. Subsequent to Nat change, quenioru have arisen regarding the impact of she change on cunmt ABC employ«s. In repome, Ne Orange Cowry Personnel Deparvnmt was requested so: o Review and compere Ne ABC reriree hWN iasmw« wiN Nat Orange Cowry offers retiring Cowty employ«s. o As«ss the actuarial impett of possible chwge N the ABC Board retiree hea1N iuumv« covemge, ifadoprM by the ABC Board. o Explore the option of the ABC Board obsiNng healN ituumn«coverage rtvough the Cowry's healN imumvce Provider, the North Carolina Association of Counry Commissioners (NCACC) BWN Isvswwce Tmst. This report ssuvmadzes Ne resWU of that review. ABC Redree Heuhh Ivaurwce Coverage 1. ABC Policy Chwue Prior to Jwuary 1, 1998, the ABC Board Provided retiree hWN ivswesrce covemge ro retying employee wiN IS years ABC service. For swh employ«s the ABC Board paid Ne fWl cost ofthe ivdividW retiree's hWN insumvice coverage. Efiecave Jmuary 1,1998 Ne ABC BOBrd chwged iu poliry m provide rcdrre hWN ~ urenoe covmaga (on the ABC Board Broup hWN uuurev« plan) m rotldng ABC emPloytts wiN 25 Years ABC service and to require Ne rcshtt pay Nc fall cost of the wvemge. 2. ABC "GmMfssher" Provision With she Jwuary 1, 1998 policy chmge, Ne ABC Board adopted a "gmadfaNet' provision. Und« this, ABC employees who already had IS years ABC service u of ]muary 1, 1998 arc cove d by tl+e Policy iv effect Pnor to lavuary 1, 1998. That is, these employ«s wndvw m be eligible m participate w the AHC Board's retiree health insurwce with IS years ABC service mN« Nan 25 avd the ABC Board continues m pay Ne fWl tort of individual covemge. Also wrier Nis gmndfeNn provision, employees already refired and receiving benefits wdm the previous policy