9933M
2
3
4
5
6
7
8
9
10
I
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
RESOLUTION NO. 9,933
A RESOLUTION AUTHORIZING CERTAIN CITY
GOVERNMENT RETIREES TO PARTICIPATE IN THE 136
CITY'S HEALTH AND MEDICAL INSURANCE PLAN
INCLUDING FINANCIAL PARTICIPATION BY THE
CITY; DIRECTING THE CITY MANAGER TO
EXECUTE PLAN AMENDMENT WITH PRUDENTIAL
INSURANCE COMPANY.
Whereas, it is desirable for the City of Little Rock to provide health and medical
insurance coverage for city government retirees who have achieved a certain level of city
government service, and
Whereas, the City has worked with city employee representatives to develop an
appropriate plan of insurance coverage including city financial participation, and
Whereas, the City has reviewed the cost implications and developed a cash flow
projection and actuarial evaluation.
NOW, THEREFORE BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE
CITY OF LITTLE ROCK, ARKANSAS
Section 1: The City Manager is directed to submit to Prudential an amendment to the
City's Health and Medical Insurance Plan which will add certain City retirees and their
dependents to the plan.
Section 2: The amendment will include only those retirees who achieve the rule of
seventy (a combination of age and years of city government service) and who have worked a
minimum of five years for the City of Little Rock; the plan will only provide for those former
employees who fully pay eighteen months of COBRA health and medical insurance costs after
leaving city employment.
Section 3: The city will participate financially at a rate of 50 percent of the monthly
premium for employees only; the City will not financially participate in the premium costs for
dependent coverage; city coverage and financial participation will end when employee reaches
the age of Medicare eligibility.
ADOPTED: March 4, 1997
2
3
4
5 ATTEST:
6
7 1I q WAA 9
10 ROBBIE HANCOCK
I 1 CITY CLERK
12
13 APPROVED AS TO FORM:
14
15 '
16
17 THOMAS M. CARPEN R
18 CITYATTORNEY
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
APPROVED:
ft4-
JINkVAILEY
MAYOR
13'7