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LBWID trustees approve early-retiree health benefit amendment and schedule staff milestone bonuses
Summary
Trustees agreed to amend LBWID policy to pay 100% of qualifying early retirees’ health benefits until Medicare eligibility and scheduled a date to issue staff anniversary milestone bonuses and certificates.
The Lake Barcroft Water Improvement District trustees reviewed personnel benefits and approved an amendment for qualifying early retirees’ health insurance, and they scheduled milestone bonuses for staff.
Trustees agreed that LBWID will pay 100% of an early retiree’s health benefits if the employee has worked for the district 25 years or more and is at least 50 years old; the benefit continues until the retiree becomes eligible for Medicare. The trustees also scheduled a date to hand out anniversary milestone bonuses and certificates to qualifying LBWID staff.
The amendment and scheduled recognition reflect trustee support for long-tenured staff. The transcript does not record an accompanying fiscal estimate for the benefit change; staff or finance will need to quantify cost implications in follow-up budget work.
