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Benefits, pensions and HR gaps: Millis staff outline health‑insurance exposure and plan for HR recruiting as Town considers PFAS settlement funds
Summary
Finance and HR staff told FinCom that retiree health insurance and pension assessments are increasing, the town is studying spouse opt‑out programs to lower costs, and the HR department will use a short‑term consultant to recruit a permanent HR generalist and director. Town staff also previewed use of PFAS settlement funds to offset related infrastructure costs.
Finance and HR staff reviewed benefit lines and human‑resources capacity during the Finance Committee meeting on April 1.
Health and retiree costs: presenters said they project modest premium increases for disability and life insurance (~4%) and estimated an 8% increase for retiree health insurance (GIC). The town’s retirement/pension assessment with Norfolk County was projected conservatively at 10% in initial planning materials, though presenters said they recently received updated figures that…
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