March 8, 2023 at 8:30 AM - Human Resources Committee Meeting.

Description:  The administration would propose a draft plan of the following:
April/May - Review internal and market-based adjustments for 22/23 wages using referendum funds.  Work collaboratively with the Teacher Compensation Committee on the process.
May - Review draft 23/24 wage increase plan
May/June - Approve 22/23 internal and market-based wage adjustments.
June - Approve 23/24 wage increases for Admin, Admin Support, Hourly Staff
July - Approve 23/24 wage increases for teachers *negotiation process dependent

Description:  The district's self-funded dental plan has a positive balance which has continued to climb for the last several years.  The current balance is approximately $578,955 which is expected to increase to approximately $600,000 by the school year's end.  That strong balance offers an opportunity to offset staff's increased personal costs within the proposed 23/24 health plan.

Working with USI and Delta Dental, our plan administrator, we are proposing to the Insurance Committee the following plan adjustments:
1.  Reduce our current deductible from $25/$75 to $0/$0  ($34,010)
2.  Increase the individual max to $2000 from $1200.  ($59,338)
3.  Increase the Ortho max to $2500 from $2000.  ($5065)

Our projected claims spend in our status quo plan is approximately $723,632.   Based on our past history, our expected claims would run at a 95% dental loss ratio.

The proposed changes are projected to cost the amount in parenthesis listed above for a total of $98,413.  Translating the changes to the dental fund balance means the increased claims cost would decrease the fund balance by approximately $65,913 per year.
 

Description:  The district currently offers all regular employees a 100% employer-funded policy that provides coverage equal to their base wage rounded up to the nearest one thousand dollars.

For an increased benefit to employees and for efficiency gains in the HR office, the administration is recommending to the Insurance Committee that the district offers flat coverage amounts at the following levels:
Support Staff = $50,000
Teachers = $75,000
Admin/Admin Support = $200,000

Currently, the district's annual expense for term insurance is $65,603.41.  The proposed change would cost an additional $12,067.31 annually.
 

Description:  Working with USI to procure insurance quotes from other providers that provide additional coverage and offer the greatest number of local coverage, the administration is recommending to the Insurance Committee a change to Met Life, specifically option 2.

The attached pdf shows our current level of coverage from Delta Vision, and two options from Met Life.  Option 2 offers a Second Pair Rider, which provides for the opportunity for additional glasses, contact lenses and has multiple use allowances, all of which are increases over the current package.