Health Care Plan Reserves Fund. The EMPLOYER, in its sole discretion, will determine if and how many dollars from the Reserves Fund will be utilized.
Health Care Plan Reserves Fund. The EMPLOYER will use $3,000,000 from the Health Care Plan Reserves Fund to offset the predicted 2016 premium cost increase of 7.9%. This action will allow for an additional 2.9% point reduction in premium cost. In combination with the 0.75% point reduction in premium cost gained through plan design changes discussed above, the end result is a 4.25% increase to premium costs. In 2017 and 2018, the EMPLOYER, in its sole discretion, will determine if and how many dollars from the Reserves Fund will be utilized.
