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Board moves $100,000 into VEBA account to shore up health claims reserves
Summary
The Jefferson County Board approved transferring $100,000 from the General Fund Contingency Fund to the county VEBA account after Treasurer Kristine Lund highlighted current claims activity and reserve needs.
Treasurer Kristine Lund reviewed the current balance of the county VEBA account and explained the need to maintain sufficient reserves to cover employee health insurance claims. She presented current claims activity and projected reserve needs to the Board.
Commissioner Clark moved to transfer $100,000 from the General Fund Contingency Fund to the VEBA account; Commissioner Young seconded. The motion passed on a roll-call vote with all three commissioners recorded as "aye." The funds will be transferred to bolster the county's health claims reserves.
