SAPOA Board of Directors Meeting
09 - 11 - 07
affecting Pre-Funded Health.
Pre-Funded Health - There was a recent trustee election with Bobby Martinez
and Sam Esparza running for the position.
Also, there will be an increase in our Pre - Funded Health premiums.
1. The City's contribution will be $219.13 per member per pay period.
2. With the first pay check after October 01, 2007, premiums for Active
members will be $46.63 per pay period ( $93.26 a month ).
3. ** Retiree's with less than 30 years will be paying $101.02 a month. There premiums are monthly because their retirement checks are monthly, and the premiums are taken out of there retirement check.
** Talked to David Ramos, SAPOA Vice - Pres, after making a few phone calls
he verified minutes, but explained that the Law would not take effect until October 01, 2007.
It will only affect Officers that retire after this date (10-01-07). Officers already Retired will not be affected by this increase.
Why are Retiree's after 10-01-07 paying more than Active members? - A study taken based on usage by Retiree's shows a greater amount paid out for services.
If you have any questions who can you call for more info. - Call James Bound,
Pre Funded Health Director @ 210 - 220 - 1385.
No comments:
Post a Comment