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Rev 10/31/00
This group of accounts is used to control and pay the costs Racine County incurs providing the various employee fringe benefit programs for all departments.
Also included in this fund are amounts budgeted for retiree health insurance costs not budgeted elsewhere.
The group insurance account is non-lapsing because we are a self-funded health insurance program. The reserve created by a year with good experiences can be used in a year with an unfavorable experiences.
The Human Resources Department to work with the Personnel & Community Services Committee to develop a plan for the long term prognosis of the employee benefits plan and report back to the Finance Committee and Executive Committee within 6 months.