Teachers Union Contract, Health Insurance, Budget

Tomorrow, Monday 9/30, 5:00pm —a loaded school board meeting: teachers union contract, health insurance contract, district budget. If you plan to attend, NOTE THE TIME is 5:00pm.

Here are the district’s summaries—

Union contract:

The recommended Negotiated Agreement would create a new 4-year contract with the BEA running from July 1, 2019, through June 30, 2023. The tentative agreement contains total salary increase of 3.7% in the first year and approximately 2.5% in subsequent years.  On average, individual educators are expected to see an increase of approximately 3.6% each year.

Key highlights include:

  • A new approach to teacher salaries that is tied to new revenues and incentivizes more meaningful professional learning and advancement.
  • The creation of BPSU, an internal university for teachers to improve professional practice based on their needs and the learning needs of their students.
  • A retirement incentive plan tied to pension eligibility.
  • A reorganized contract designed to improve readability and understanding.

 

Health Insurance:

Last April, the Board approved the renewal of various insurance contracts and converted the plan year to coincide with the calendar year instead of the fiscal year. As we conclude the resulting interim six-month plan year, we must once again hold open enrollment for the new plan year that will begin on January 1.

After much review and deliberation, the Insurance and Benefits Committee has unanimously decided it is in the best interests of employees and the Board to take a new approach to medical insurance offerings (Attachment A). Further, the Committee recommends that all employee classes receive the same Board contribution rates, which will require conversions for some exempt staff. A summary of the recommended plan designs follow:

Traditional PPO

The traditional PPO has been revamped to encourage employees to seek more cost-effective care through a higher deductible, now $625. With lower premiums and maximum out-of-pocket costs, most employees will experience an overall annual savings.

Tier

Annual Premium

Board Contribution

Employee Contribution

Employee

$10,394

80%

20%

Employee + spouse

$20,593

80%

20%

Employee + child(ren)

$19,762

80%

20%

Family

$30,576

80%

20%

Savings PPO+HSA

With the same network as the traditional PPO, the savings PPO+HSA plan offers a high deductible plan paired with a health savings account (HSA). With the Board contributing cash toward deductibles and allowing employees to keep any money they save, employees will likely make more cost-effective decisions that balance care and convenience. If the deductible ($3,000) is exceeded on this plan, all additional costs are covered at 100%.

Tier

Annual Premium

Board Contribution + HSA Contribution

Employee Contribution

Employee

$8,341

85% + $1,500

15%

Employee + spouse

$16,526

85% + $3,000

15%

Employee + child(ren)

$15,859

85% + $3,000

15%

Family

$24,537

85% + $3,000

15%

 

To help employees convert to the savings PPO+HSA plan, the Committee recommends the Board offer the following incentives in the first year only:

  • An additional $500 in HSA contributions for all tiers
  • Up-front the total HSA contribution so that funds are immediately available to employees for claims

 

In future years, the Committee recommends that HSA contributions will be paid in equal installments based on the employee’s pay periods.

 https://go.boarddocs.com/il/bps101/Board.nsf/files/BGERK86BEF62/$file/Attachment%20A.pdf

 

Budget:

Attached are two documents that comprise the FY20 Budget:

  1. The Budget Summary, which provides the Board and community with information regarding key budget assumptions and a detailed summary of revenues and expenditures.
  2. The ISBE Budget Form, which is the official budget and must be submitted to the County and State and published on the District’s website.

https://go.boarddocs.com/il/bps101/Board.nsf/files/BGETCE76B4D5/$file/FY20%20Final%20Budget%20Summary.pdf

 

https://go.boarddocs.com/il/bps101/Board.nsf/files/BGETCG76B503/$file/FY20%20ISBE%20Budget%20Form.pdf

This entry was posted in School Board, Uncategorized and tagged , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s