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Benefits advisory committee outlines options as Socorro ISD projects multimillion-dollar health fund shortfall
Summary
An employee benefits advisory committee presented options including a $117 monthly employee premium increase, plan consolidation, pharmacy-management strategies and a proposed one-time general fund infusion as the district projects a sizable health fund deficit.
The Socorro Independent School District’s Employee Benefits Advisory Committee presented recommendations and financial data at a Sept. 8 meeting detailing options to address a projected health fund shortfall.
Tom Lane, a District 5 resident who spoke during the item, urged the board to publish a cost breakdown by plan so trustees can see differences among the district’s three offerings. Mario Carmona, director of human resources for benefits and risk management, presented financial figures showing projected revenues and expenditures for the 2025 plan year and described committee deliberations.
Carmona said the district and employees are projected to contribute about $44.5 million toward the health fund in 2025, while projected total costs are about $58.5 million, producing a…
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