The move is expected to cost $186,103 annually.
In a series of cost-cutting moves over the last few years, the county has cut back on the benefits offered to retirees.
Faced with a $2 million annual bill to fund the insurance, council decided in 2011 that it would offer the program only to future retirees who had at least 10 years of service as of January 1, 2012.
That decision excluded 70 percent of the county's employees, Administrator Jason Ward said Monday.
At the time of the decision, staff said it would continue trying to find a way to fund retiree health insurance for current and future employees, he said.
With the help of a new actuary and better calculations, the annual required contribution decreased substantially, and the staff returned to council with a request to include the benefit in next year's budget.
Ward expressed his personal thanks to council on behalf of county employees, including himself, for committing to the benefit.
Councilman Jay Byars said the benefit is a necessary for the county to attract and retain talented younger employees.
" />

County commits to retiree health insurance

  • Thursday, March 21, 2013

Dorchester County Council committed Monday to finding money in the budget to fund health insurance for retirees until they're eligible for Medicare.
The move is expected to cost $186,103 annually.
In a series of cost-cutting moves over the last few years, the county has cut back on the benefits offered to retirees.
Faced with a $2 million annual bill to fund the insurance, council decided in 2011 that it would offer the program only to future retirees who had at least 10 years of service as of January 1, 2012.
That decision excluded 70 percent of the county's employees, Administrator Jason Ward said Monday.
At the time of the decision, staff said it would continue trying to find a way to fund retiree health insurance for current and future employees, he said.
With the help of a new actuary and better calculations, the annual required contribution decreased substantially, and the staff returned to council with a request to include the benefit in next year's budget.
Ward expressed his personal thanks to council on behalf of county employees, including himself, for committing to the benefit.
Councilman Jay Byars said the benefit is a necessary for the county to attract and retain talented younger employees.

Comments

Notice about comments:

Summerville Journal Scene is pleased to offer readers the enhanced ability to comment on stories. We expect our readers to engage in lively, yet civil discourse. We do not edit user submitted statements and we cannot promise that readers will not occasionally find offensive or inaccurate comments posted in the comments area. Responsibility for the statements posted lies with the person submitting the comment, not Summerville Journal Scene.

If you find a comment that is objectionable, please click "report abuse" and we will review it for possible removal. Please be reminded, however, that in accordance with our Terms of Use and federal law, we are under no obligation to remove any third party comments posted on our website. Read our full terms and conditions.

Upcoming Events
 Latest News
Print Ads
Latest Videos


Summerville Journal Scene

© 2014 Summerville Journal Scene an Evening Post Industries company. All Rights Reserved.

Registration on or use of this site constitutes acceptance of our Terms of Service, Privacy Policy and Parental Consent Form.