HomeMy WebLinkAboutInsurance Committee Minutes 02.18.1987l
M I N U T E S
INSURANCE COMMITTEE
DATE February 18, 1987 TIME4:15 pm
PLACE OF MEETING Council Chambers
A. Members present: Chairman Don Hackmann
-Norman Orr
,Vern Waller
9 Bob Mann
B. Other's present: Phil Curry 2 Randy Tedlund, Mutual of Omaha
Bob Larkin, CPA, Mtn a es inistra ors, o Gauthier
A quorum (3 or more) present the following action was taken by
the committee:
Randy Tedlund and Bob Larkin presented a plan (125 Cafeteria -
Plan) for medical expenses. This would be a tax exempt (FICA,
Federal and State) payroll deduct program. The money would
be deposited in a trust account and then the employee would
draw out the money as needed to pay for medical expenses which
are not paid by an insurance company. Other items qualify
also, such as medical insurance premiums.
L J
This plan will be further discussed among the employees and
if enough are interested another meeting will be set up.
Discussion regarding the City's property insurance. Last
year the premium for buildings and contents increased 56%
(from $15,347 to $24,028).
The committee recommended going out for bids this year. Call
for bids and specs should be available by April 1st and open
bids on dune 2nd.
Meeting adjourned at 5:25 pm.
Respectfully submitted,
Donald L..Hackmann
City Clerk
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