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Board notes labor contract change reducing retiree insurance contribution to 20%
Summary
The board recorded that a new Ottawa Police Department labor contract lowered the retiree insurance contribution from 25% to 20% of the premium; no board action was taken at the meeting.
Board minutes note that a newly executed labor contract for the Ottawa Police Department changes the retiree insurance contribution from 25% of the premium to 20% of the premium. The pension board acknowledged the contractual change during new business and took no immediate action.
The change was recorded for administrative awareness; the minutes do not specify whether the board must take future action to implement or adjust plan administration because of the contract change. Trustees indicated no vote or motion was necessary at this meeting.
