Title
Resolution - Approval of Employee Health Benefits Renewal - C Armstrong
Other Info
Submitted By: Don Ballard
Department: Human Resources
Financial Impact and Cost/Benefit Considerations: As discussed in Executive Session
Discussion
Pursuant to the Employee Compensation Policy, PEC provides health insurance, life insurance, disability insurance, and other optional coverages for employees. Health benefits are a critical piece of PEC's overall employee compensation package. In providing benefits, PEC balances cost effective plans with maintaining a competitive level of benefits for all employees. Medical and Dental Plans are competitively procured periodically where they are evaluated for effectiveness and need. The Board may now consider approving Medical and Dental Plans for PEC employees.
Body
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE COOPERATIVE that the Board approve execution of the employee health and dental insurance policies of the Cooperative upon the terms and conditions with insurance provider(s) presented to the Board this day during executive session; and
BE IT FURTHER RESOLVED BY THE BOARD OF DIRECTORS OF THE COOPERATIVE, that the Chief Executive Officer, or designee, is authorized to take all such actions as needed to implement this resolution.