Title
Resolution authorizing the execution of the contract and by-laws of the Intergovernmental Personnel Benefit Cooperative (IPBC) and Lake County membership in the IPBC.
Staff Summary
* The Finance & Administration Committee requested staff bring forward alternatives to employee benefit offerings to contain ongoing cost increases. Over the last two years, employee health insurance costs have risen 6.6 percent and 6.9 percent.
* The Lake County Forest Preserve and other counties, municipalities, and special districts have moved to the IPBC to better manage health care costs and provide great service.
* Membership requires participation in health, accident, and associated life insurance coverage from the Cooperative, except for employees in union-sponsored programs. The County Administrator with the advice and expertise of the Director of Human Resources will determine the use of the Cooperative for other benefits and insurances.
* The IPBC has estimated the County would save up to $1,300,000 annually, based on the County's current construct and vendors, by joining the Cooperative.
* The IPBC was previously discussed under file #22-0009 and is being brought back for consideration.
Body
RESOLUTION
WHEREAS, a number of Illinois units of local government and Sub-Pools have entered into an intergovernmental agreement and created the Intergovernmental Personnel Benefit Cooperative, (IPBC); and
WHEREAS, the IPBC has existed for several decades and has provided benefit coverages for the officers and employees of many Illinois municipalities, counties, and other units of local government; and
WHEREAS, Lake County wishes to become a Member of the IPBC; and
WHEREAS, the obligation of membership requires, by means of this Resolution, the adoption and acceptance by the County Board of the Contract and By-Laws of the IPBC as an intergovernmental contractual obligation to which the County will become bound.
NOW, THEREFORE, BE IT RESOLVED, BY THE LAKE COUNTY BOARD, ...
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