Title
IUOE Health and Welfare Trust
History
The Collective Bargaining Agreement between the Village of Orland Park and the International Union of Operating Engineers, Local 399 (IUOE) Board approved on November 7, 2011 named IUOE as the exclusive administrator of medical, dental, and vision insurance for its bargaining unit members.
As outlined in the approved Collective Bargaining Agreement, IUOE Local 399 Health and Welfare Trust Fund will invoice the Village of Orland Park on a monthly basis for covered members based on the following rate schedule. Rates are effective from May 1 - April 30 of each year. The rate for January 1, 2012 - April 30, 2012 is $806.00 per employee per month. The rate for May 1, 2012 -April 30, 2013 is expected not to exceed $850.00 per employee per month. There are typically 33 employees in the IUOE bargaining unit.
Future expenses were negotiated not to exceed the following annual caps:
Effective May 1, 2012 the annual contribution by the Village will be capped at $10,192.00.
Effective May 1, 2013 the annual contribution by the Village will be capped at $10,712.00.
Effective May 1, 2014 the annual contribution by the Village will be capped at $11,232.00.
Financial Impact
The FY2012 budget includes $6,341.553.91 in the insurance fund of which $331,000 will be allocated to the IUOE Health and Welfare Trust to cover expenses associated with medical, dental, and vision insurance for IUOE bargaining unit employees. Funds will be allocated appropriately for each year of the collective bargaining agreement.
Recommended Action/Motion
I move to approve the IUOE Health and Welfare Trust as vendor of medical, dental, and vision insurance for IUOE bargaining unit employees and associated expenses effective January 1, 2012.