For the 2011-12 year, the cost of health insurance premiums at the PCSD is
$4.2 million.
The portion of the $4.2 that goes to the cost of health insurance
premiums for retirees is $1.9 million.
Of the $1.9 million (for retirees)...
- $1.7
million is for Health Insurance Premiums to the plan available to active
employees (St. Lawrence/Lewis Plan).
- $191,370 is for another health insurance premium: Medicare Insurance (From age 65 on, the school district pays for two insurances for retirees and spouses: Medicare and the St. Lawrence/Lewis Plan).
The portion of the $4.2 million that goes to the cost of health insurance premiums for active employees is $2.3 million.
Of the $2.3 million (for employees)....
- CSEA
employees pay 3% of the cost of individual health insurance premiums and 9%
of the cost of the premiums if they opt for family or 2-person coverage.
- Teachers
pay 6% of the cost of their health insurance premiums.
- Administrators
pay 10%.
To summarize, for the current year (2011-12), the approximate cost
of health insurances premiums and the contributions paid by retirees and
employees are:
Cost of Insurance Amount Contributed by Retirees & Employees
Cost of Insurance Amount Contributed by Retirees & Employees
~ Retirees (2
insurances):
$1.9 million for premiums.......... $11,000 -
Retirees' contribution to premium.*
~Administrators
$176,000 for premiums...............$17,800 -
Administrators' contribution to premium.
~Teachers
$1.3 million for premiums..........$72,000
-Teachers' contribution toward premium.
~CSEA
$813,000 for
premiums............$41,500 - CSEA contribution toward premium.
* The $11,000 retiree
contribution includes one administrator, a teacher, and CSEA retirees. The former administrator contributes $1,700 this year; the former teacher (who retired under a contract that required a 2% contribution from retirees) pays $300; and the remainder, $9,000, is contributed this year by retired CSEA employees.
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