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FPUA board approves 2025 employee benefits package with 14.4% funding increase; employees to pay 10% more

Fort Pierce Utilities Authority Board · October 15, 2024
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Fort Pierce Utilities Authority approved a 2025 benefits package that raises plan funding about 14.4% and asks employees to absorb a 10% increase in their contributions; staff recommended renewing stop‑loss with Symmetra and adding employer-paid LifeLock identity protection.

The Fort Pierce Utilities Authority board unanimously approved the authority's recommended 2025 employee benefit package after a presentation by HR and outside benefits counsel.

Colleen Thurston, FPUA human resources and risk manager, and Kathleen Miola of Relations Insurance told the board the authority's self‑insured medical plan has performed better than regional cohorts but has experienced higher utilization this year, driven by nine high‑cost claimants whose claims accounted for roughly $1,030,000 in paid claims. "Overall, our self insured plan has performed above our cohorts within the utilities industry over the last year," Miola said…

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