Agenda - 09-16-2014 - 7c - Laserfiche WebLink

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ORANGE COUNTY BOARD OF COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Date: September 16, 2014 Action Agenda Item No. 7 -c SUBJECT: Employee Benefits and Recommendations Effective January 1, 2015 DEPARTMENT: Human Resources PUBLIC HEARING: (Y /N) No ATTACHMENT(S): 1. 2015 Renewal Option Costs Detail for Active Employees 2. September 11, 2014 Employee Benefits Agenda Abstract and Attachments 3. Monthly and Six Month Plan Cost Totals 1 INFORMATION CONTACT: Brenda Bartholomew, Human Resources Director, 919 - 245 -2552 Diane Shepherd, Benefits Manager, 919- 245 -2558 PURPOSE: To consider the County Manager's recommendations for employee health insurance and other benefits effective January 1, 2015. BACKGROUND: The County provides employees with a comprehensive benefits plan including County -paid health, dental and life insurance, an employee assistance program, flexible compensation plan and paid leave for permanent employees. Additionally, the County contributes to the Local Governmental Employees' Retirement System and supplemental retirement plan(s). Attachment 1 provides cost details of current and alternate health plan options. Based on recent claim analysis and experience, the projected renewal increase for FY 2014 -15 is estimated to be 13 %. An overview of current benefits and proposed changes to health benefits were shared at the September 11, 2014 work session and are reflected in Attachment 2. FINANCIAL IMPACT: The attachments include the estimated costs of the health insurance options. Finance and Administrative Services staff has confirmed there is adequate funding already budgeted to fund the Manager's Recommendation below. RECOMMENDATION(S): The Manager recommends that the Board approve Health Insurance Option 1, which requires a 13% renewal rate increase to the County beginning January 1, 2015.