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Kenosha school board rescinds April decision to separate pre-65 retirees from blended health rates
Summary
After public comment and staff presentations on actuarial impacts, the board voted to rescind its April approval of a pre-65 separate underwriting option, with the chair abstaining; staff said rescinding shifts modest cost savings for actives and affects OPEB projections.
The Kenosha School District Board voted to rescind its April 28 approval of a pre-65 retiree separate underwriting option after public comment and a staff presentation detailing financial trade-offs.
Dr. Weiss and benefits staff walked the board through a packet and actuarial tables prepared for the board. Staff said the district has 247 retirees and about 1,774 active enrollees and that rescinding the separate underwriting option would reduce the active-enrollee premium baseline the board had been considering but would forgo roughly $550,000 in near-term operating savings. Dr. Weiss summarized the…
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