Number
140208
Version
SUBSTITUTE 1
Reference
Sponsor
THE CHAIR
Title
Substitute resolution approving a change in design for employee health and prescription drug benefits for 2015.
Analysis
This substitute resolution approves a change in the design for employee health and prescription drug benefits for 2015.
Body
Whereas, Costs for employee health and prescription drug benefits were $116,100,000 in 2013 and are projected to be $118,000,000 in 2014; and
Whereas, The costs for employee health and prescription drug benefits under the current benefit design are projected at $124,000,000 in 2015; and
Whereas, The projected cost increase in 2015 from the 2014 Budget is approximately $6,000,000, or 5%; and
Whereas, The benefit design change as proposed by the Department of Employee Relations for 2015, a copy of which is attached to this file as Appendix A, would increase the amount requested in the 2015 Budget by $2,000,000, or 1.7%;
Whereas, The current benefit design has been in place since 2012; and
Whereas, It is in the best interest of the City to contain its costs for employee health and prescription drug benefits; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that the benefit design for 2015 employee health and prescription drug benefits, which is attached to this file as Appendix A is approved.
Requestor
Department of Employee Relations
Drafter
LRB152901-2
Mary E. Turk
6/16/14