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HomeMy WebLinkAboutRES 100813-IWIA A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GEORGETOWN, TEXAS, ESTABLISHING AN EMPLOYEE HEALTH INSURANCE INTERNAL SERVICE FUND AND ESTABLISHING POLICY GUIDELINES, EFFECTIVE OCTOBER 8, 2013. WHEREAS, the City Council of the City of Georgetown has reviewed and discussed options on providing employee health insurance benefits for the 2014 plan year at its March 26, 2013 and July 9, 2013 regular workshops and directed staff to pursue implementation at its July 9, 2013 regular council meeting; and WHEREAS, the City Council of the City of Georgetown finds that self-insurance provides the most flexibility in health benefits costs and options and mitigates potential costs increases to both the City and its employees; and WHEREAS, the City Council of the City of Georgetown wishes to establish an internal service fund to manage the accounts and payments for this program; and WHEREAS, the City Council of the City of Georgetown finds that establishing a reserve for the self-insurance fund is most cost effective by establishing a line of credit with the City's fund contingency reserves; and WHEREAS, the City Council of the City of Georgetown finds that funds necessary to pay for this program are already included in department budgets as adopted in the 2013/14 Annual Budget; and NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF GEORGETOWN, TEXAS, THAT: SECTION 1. The facts and recitations contained in the preamble of this resolution are hereby found and declared to be true and correct, and are incorporated by reference herein and expressly made a part hereof, as if copied verbatim. The enactment of this resolution is not inconsistent or in conflict with any 2030 Plan Policies. SECTION 2. The Employee Health Benefit Self Insurance Internal Service Fund is hereby established. SECTION 3. The Employee Health Benefit Self Insurance Internal Service Fund will be funded by employee premium contributions, budgeted health insurance funds as included in the 2013/14 Annual Budget and other recurring or one-time contributions as the City Council may designate. SECTION 4. The Employee Health Benefit Self Insurance Internal Service Fund reserve will be funded through a line of credit from the City's contingency reserve fund balances not required for normal daily liquidity and operations, in an amount not to exceed $1,000,000. Resolution Number: loo ,71-6-1– Page 1 of 2 Description: Employee Health Benefit Self Insurance Internal Service Fund Date Approved: October 8, 2013 SECTION 5. The City Manager or his designee shall establish Employee Health Benefit Plan documents, obtain third party administrator(s), stop loss policies and other policies and resources as may be required to implement this program in compliance with state federal, state and local laws. SECTION 6. The Chief Financial Officer shall establish the accounts, policies and procedures as needed to collect and make payments as necessary under the program. SECTION 7. This resolution shall be effective immediately upon adoption. RESOLVED this 8th day of October 2013. AT ST: THE ,91TY OF GE ETOWN: *S*a Brettl by: deorg4 -Garver qty ecretary Mayor APPROVED A� O, FORM: 6ridget Cha'pm66 City Attorney Resolution Number: I o0 I -S —,I- Page 2 of 2 Description: Employee Health Benefit Self Insurance Internal Service Fund Date Approved: October 8, 2013