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<br /> <br />FISCAL IMPACT: <br />The preliminary 2025 budget included an increase for all insurance plans. The 1.5% decrease in medical <br />rates, even with the increase to the dental rates and the increased short term disability rates will result in an <br />adjustment to the proposed budget and an overall cost savings of about $40,000 for the year. <br /> <br />OPTIONS: <br /> <br />1. Approve Resolution No. 2024-109 <br />2. Amend and approve Resolution No. 2024-109 <br />3. Make no approval. <br /> <br />RECOMMENDATION: <br />If removed from the consent agenda: <br /> “Move to approve Resolution No. 2024-109 <br /> <br />ATTACHMENTS: <br /> <br />1. 2025 PEIP Renewal Letter <br />2. 2025 Insurance Premium Rates and Contributions <br />3. Resolution No. 2024-109