City of Racine - File #: 07-1515

• File #: 07-1515
• Version: A
• Name: Communication from Dave Brown, Finance Director, asking to appear before the Personnel Finance Committee to discuss the Stop Loss Insurance Plan for 2008.
• Type: Communication
• Status: Committee Report To Council
• File created: 12/5/2007
• In control: Finance and Personnel Committee
• Final action: 12/18/2007
• Title: Subject: Communication from Dave Brown, Finance Director and Terry Parker, Asst. H.R. Director, asking to allow our consultant to appear before the Finance and Personnel Committee to discuss the Stop Loss Insurance plan for 2008. Recommendation of the Finance and Personnel Committee on 12-10-07: The City adopt purchase Stop Loss Insurance program thru Sun Life Financial as proposed with an annual premium amount of $564,224.88 and an annual deductible of $200,000.00, and that funds be appropriated from an appropriate account. Fiscal Note: It is anticipated that the additional premium will be offset by reduced liability exposure and policy payoffs.
• Related files: Res.07-0572

Date	Ver.	Action By	Action	Result
12/18/2007	A	Common Council	Approved as Presented	Fail
12/10/2007	A	Finance and Personnel Committee	Recommended For Approval	Pass

Title

Subject: Communication from Dave Brown, Finance Director and Terry Parker, Asst. H.R. Director, asking to allow our consultant to appear before the Finance and Personnel Committee to discuss the Stop Loss Insurance plan for 2008.

Recommendation of the Finance and Personnel Committee on 12-10-07:  The City adopt purchase Stop Loss Insurance  program thru Sun Life Financial as proposed with  an annual premium amount of $564,224.88 and an annual deductible of $200,000.00, and that funds be appropriated from an appropriate account.

Fiscal Note:   It is anticipated that the additional premium will be offset by reduced liability exposure and policy payoffs.