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3501 Turtle Creek Drive., fort Arthur , xas -Subscribe: 729-NEWS
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By Sherry Koonce coverage. opted to unblend health insurance retirement pla
The News staff writer The savings should help•the city premiums' paid by current and 20 years. servic
with efforts to comply GASB 45, a `retired employees, and . to pass a 'pension and h
.City Council members at their new rule regulates the way govern- higher' share of the premium pay- `time, an'emplo~
lash regular meeting grappled with menu report costs foY'retiree bene- ment 'to `` retired employees who 65 can either p.
the best way to continue the health fits, including fut ealth ~ care have their families insured. - or half of the ~
benefit offered retired city employ- expenditures and tha~f'com previ- The 'move will save the city an ' cost.
ees while ensuring the retirees bear ous years. Cities not`complying estimated 27 percent on the pro-' If someone g~
an increased share of the burden would risk losing a favorable bond jected liability, Becky Underhill,. city of Port Arta
imposed from the new accounting rating. assistant cit mana er, said. the
standards. y g y -can retire
In Port Arthur's case, the expen- <, In addition to the newly-adopted retiree and the
In an effort to whittle down :a ditute is figured to be about $100 guidelines,,: Underhill said the city: dren at home u
staggering liability, ..retired Port million. • would be looking at other cost-sav- can retain healt
Arthur city employees will be pay- Based on the recommendation of ink options such as changes. to the by the city.
inp 'jigger share of their health consultants and .the Texas '' c retirement policy. For the emp]
ins.. .ice premiums for dependent Municipal League, the City Council _ ,,rt Arthur offers an attractive