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All other organizations reimburse claims based on "Usual and Customary" rates while Orange County reimburses according to a Table of Allowances that provides a lower reimbursement and the employee pays a higher portions of the claim Cost to fully implement Usual & Customary rates would result in a 170% increase over current costs (from approximately$336,000 to $571,000) Recommendation: Change to "Usual and Customary" rates incrementally, beginning with Preventative benefits. Group Life Insurance Vendor: MetLife Type of Plan: Basic Term w/AD&D * Annual Salary up to $50,000 ■ County Cost Based on $.22.5 per $1,000 Salary Supplemental Employee Paid Options: * Options up to $200,000 for employee, $100,000 for Spouse and $10,000 for Children ■ Dependent ($5,000) @ $1.86 401k Deferred Compensation Plan Vendor: Prudential County Plan Status: • County Contribution $27.50 per Pay Period ($715 per year) • Employee Contribution up to $15,500 per year • Loan Program Other Organization Comparisons Options to Consider Other Organization Comparisons 60 of 100 Counties Contribute to 401 (k) Of those, 58 Provide Contribution Based on % of Salary (from 1% to 8%) Michael McGinnis said that one of the biggest issues for employees is the 401 K and how much the County contributes. He said that this is an excellent retention benefit and an area the County should look at in reviewing the overall compensation plan. He said that Orange County is out of sync with other counties in this respect. Chair Jacobs asked if paying $27.50 per pay period to 401(k) is at the lower end of the spectrum and Michael McGinnis said yes. Most counties provide a contribution based on a percentage of salary. Commissioner Gordon said that she will need to think about all of this information and Laura Blackmon said that staff would be coming back in April with more information. Commissioner Foushee said that she would like to see more specific details of 401(k) programs of counties that are similar in size to Orange County. Laura Blackmon said that this is a recruitment tool as well when a good benefit package is offered. Commissioner Foushee said that there is a dichotomy between law enforcement employees and non-law enforcement employees. Chair Jacobs asked about childcare assistance Diane Shepherd said that she has not had any requests. There is a flex-pay option that allows employees to pay for childcare on a pre-tax basis.