09/06/2016

Retirees, School Board Go Over Insurance Coverage Benefits

by Admin
Categories: Insurance
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MEMPHIS, Tenn.– Countless Shelby County School retired people satisfied with the school board to discuss advantages on Tuesday.

Eventually, the board shot down Superintendent Dorsey Hopsons proposal that would have increased retired people contributions to their life insurance coverage.

Numerous were upset due to the fact that Hopson approached the board about the modifications the night prior to they were set to end.

Its almost like holding a hammer to the heads of the board members stating you need to do something, or no one has anything in the morning, stated Keith Williams, Executive Director of the Memphis-Shelby County Education Association.

On Wednesday, Williams said theres a great deal of work and choices ahead.

The insurance coverage agreement for Shelby County Schools was set to end on Wednesday.

Tuesday night Hopson addressed the board, concerned teachers and retirees.

Numerous were upset and unsure of the future.

What I guess we shouldve done was brought this to the forefront and kept speaking about it, explained Hopson.

Hopson stated life insurance coverage rates have increased by millions.

They didnt spending plan for that much.

He stated just one company bid for the contract.

His proposal cuts how much of the district absorbs in expenses.

Keep the benefits the precise very same and ask retired people to pay half the premium on their life insurance, and those staff members that do not desire to share their premium they will get a $10,000 death advantagesurvivor benefit, he stated.

The school board ultimately chose there wasnt enough dialogue about the new strategy and choseopted to extend the present contract of $8.4 million.

Now they want to retirees, the union, and the district to come to the table to hash things out, so the district isn’t millions in the hole.

We need to take a look at it, however we do owe it to you to make sure we turn over every stone and ensure weve tired every possibility within factor, stated school board member Chris Caldwell to the crowd.

Today theres a great deal of worry, theres still a great deal of inequalities people see, said one female who was at the conference.

Looking forward, Williams said he expects instructors to be part of future conversations and choices.

We just needhave to be at the table to make sure that everything is done decently and in order, he stated.

The board expects to hear from everybody at the end of September.

Superintendent Hopson suggested he had actually talked about modifications to the insurance coverage plan prior to Tuesdays conference.

On Wednesday, SCS released a statement saying, We are finalizing a strategy to much better engage and notify our senior citizens and
active employees about the proposed insurance coverage advantage modifications. Its our desire to provide them with the best advantage options our present budget plan can supply.


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