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Health/Dental and OPEB Trust Funds

Department Overview

The Health/Dental Trust Fund provides for the payment of the City’s self-funded health and dental costs for current

employees and dependents. The City established the Other Post-Employment Benefits (OPEB) Trust in FY08 to

fund post-employment benefit costs (health insurance, Medicare supplement, and life insurance), as well as the

future retiree benefit liability of current employees. Annually, the City engages an actuary to calculate the Annual

Required Contribution (ARC) to fully fund the OPEB trust.

Budget Highlights

The City is converting to a January through December plan year from the current October through

September plan year. In FY17 there will be one-time costs of $950,000 for the health/dental trust and

$350,000 for the OPEB trust as deductibles and out of pocket maximums will be extended to 15 months.

Budget Detail

ACTUALS

ACTUALS

ADOPTED

ADOPTED

CHANGE

HEALTH/DENTAL TRUST COSTS BY TYPE

2013-14

2014-15

2015-16

2016-17

FY16 to FY17

Employee Health Claims/Wellness

Dental Claims

Administrative Charges

Stop Loss Fees

Fiduciary Fees

$29,336,485

2,132,738

2,179,174

1,210,021

32,363

$30,825,624

2,861,895

1,903,979

1,079,803

36,900

$31,850,000

2,840,000

2,230,000

1,250,000

40,000

$38,170,000

2,886,000

2,175,000

1,350,000

35,000

19.8%

1.6%

(2.5%)

8.0%

(12.5%)

TOTAL

$34,890,781

$36,708,202

$38,210,000

$44,616,000

16.8%

OPEB TRUST COSTS BY TYPE

Retiree Health Claims/Wellness

Retiree Life Insurance

Retiree Medicare Supplement

Administrative Charges

Stop Loss Fee

Fiduciary Fees

Reserve for Prior Liability

$10,621,305

134,751

989,572

523,055

291,899

83,636

0

$11,728,887

145,804

1,056,884

453,710

268,898

75,747

0

$10,925,000

150,000

950,000

500,000

270,000

80,000

3,000,000

$14,465,000

131,000

1,272,000

500,000

327,000

80,000

0

32.4%

(12.7%)

33.9%

0.0%

21.1%

0.0%

(100.0%)

TOTAL

$12,644,218

$13,729,931

$15,875,000

$16,775,000

5.7%

D-23