Approve policy for funding retiree health benefits

Labor & City WorkersPersonnelFinance Department

Resolution Resolution No. 4-22

In Plain English

The city provides health insurance to retired employees as part of their pension benefits. This policy sets rules for how the city saves money to pay these future costs. Without a funding plan, retiree healthcare expenses could strain the city budget as more employees retire.

Auto-generated summary. Source: official agenda documents.