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Trustees adopt limited premium change: 2% overall uplift, one‑pay‑period premium holiday in December 2025
Summary
Following actuarial and budget briefings, trustees approved a modest 2 percent overall premium increase for FY26 and authorized a one‑pay‑period premium holiday in December 2025, directing staff to implement the rates and finalize vendor contracts.
Trustees reviewed actuarial analyses, audited financials through December 31, 2024, and a Gallagher budget model. Actuary Chris Marshall recommended an 8.3 percent premium increase based on a 24‑month blended experience projection and an assumed medical/prescription trend. Gallagher and county finance presented a set of options to close the projected funding gap; after discussion trustees approved a more conservative approach.
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