Budget-Note-Update----Composite-benefit-rates

2 B&F › Budget-Note-Update----Composite-benefit-rates — 1 pages · p. 291

Intro from p. 291

To: Jonas Biery, DCA of Budget & Finance From: Ruth Levine, City Budget Office Director CC: Mike Jordan, City Administrator Deputy City Administrators Mayor & Council Date: February 19, 2025 Re: FY 2024-25 Adopted Budget Note Updates Evaluate financial effects of composite rate health benefit Budget Note Title change Primary Service Area Budget & Finance Due By 11/29/2024 Lead Ruth Levine Chelan Huddleston, Tracy Warren, Courtney Crisp, Michelle Staff to include Taylor, Robert Cheney In Budget Concept? No Budget Concept DP # The City Budget Office and the Bureau of Human Resources are directed to analyze the bureau- by-bureau impacts of the recent change in the methodology for developing rates charged to bureaus for employee health benefits. This change from charging different rates for one- and two-party plans and family plans to a blended rate had differential impacts on bureaus. CBO and BHR are further directed to evaluate the original projections compared to actual impacts and, where variances exist, recommend an approach for truing up those impacts in the 2024 Fall BMP for FY 2024-25 and Current Appropriation Level targets for the FY 2025-26 budget. Budget Note Full Text Report summarizing analysis, evaluation, and recommendations. Deliverable

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See also

• Parent: 2 B&F
• Source PDF: FY-2025-26-Budget-Dev-Docs.pdf · open at p. 291
• Raw extracted pages: .extracted/pages/