HomeMy WebLinkAboutEXECUTIVE SESSION - 09/28/2004 - PERSONNEL/RELEASED RES NO 5-06 EXECUTIVE SESSION
RECEIVE
Date September 28, 2004 OCT
� 1 ,; 2004
Time_ 6:33 p.m. ABFC�FHK'$ OFFICE
Chemick Conference Room
TOPIC: LITIGATION_ PERSONNEL X LAND ACQUISITION _
VILLAGE BOARD VILLAGE BOARD
MEMBERS PRESENT MEMBERS ABSENT STAFF PRESENT
C.JOHNSON G.PARRIN
Mayor Village Manager
N. CZARNIK R. RUMMEL
Village Trustee Asst.Village Manager
B.DILL M. ROAN
Village Trustee Asst.to the Manager
P.FEICHTER G.KNICKERBOCKER
Village Trustee Village Attorney
S.LISSNER
Village Trustee
J. PETRI
Village Trustee
C.PROCHNO
Village Trustee
Pursuant to a duly made and approved motion and a majority vote at a regularly scheduled
meeting of the Village President and Board of Trustees on September 28,2004,this Executive
Session was called to consider a Personnel matter.
Number of pages attached: I
Date(s)of review for release: July 2005
Date of approval for release:
9/28/04
6:33 p.m.
Personnel
It was the recommendation of the Personnel Committee to increase the availability of the
Retiree Life Insurance Benefit from$5,000 to $20,000, at the cost of the retiree. This change
would only affect employees that retire after the implementation of the benefit. There would
be no additional cost to the Village.
It was the consensus of the Board to increase the Retiree Life Insurance Benefit from $5,000 to
$20,000 as recommended.
Also recommended during the Personnel Committee meeting was an implementation of a
Retiree Health Savings Plan. New IRS rules allow for more investment options,compared to
the current plan. The new rules do not require that all employees participate. It was also the
Personnel Committee's recommendation that as a good will gesture,the plan be offered to the
Public Works and Police unions without waiting for future contract negotiations.
If approved, the plan would become effective on January 1,2005. There is no cost to the
Village, since it is funded by the employees' own money. It was the consensus of the Board to
implement the new Retiree Health Savings Plan.
The meeting adjourned at 6:39 p.m.