245.2010 Retiree reinsur.
RESOLUTION AUTHORIZING APPLICATION TO ENTER INTO
EARLY RETIREE REINSURANCE PROGRAM
RESOLUTION NO.: 245, 2010
INTRODUCED BY: Mr. Anthony Metivier WHO MOVED ITS ADOPTION
SECONDED BY: Mr. Tim Brewer
WHEREAS, the Federal Health Care Reform Act provides for a new Program, the “Early
Retiree Reinsurance Program,” to be available to municipalities, including the Town of Queensbury,
allowing for reimbursement of certain retiree health insurance costs incurred by the Town, and
WHEREAS, such funds are awarded on a “first come, first served” basis and therefore, the
Town Board wishes to authorize the Town’s participation in such Program,
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board hereby authorizes Capital Financial, the
Town’s Health Insurance Broker, and Empire Blue Cross/Blue Shield to execute the necessary
documentation to enter into and administer the “Early Retiree Reinsurance Program,” and
BE IT FURTHER,
RESOLVED, that the Town Board further authorizes application and processing fees of
approximately $350 annually to be paid as necessary to continue participation in the Program, and
BE IT FURTHER,
RESOLVED, that the Town Board further authorizes and directs the Town Supervisor to sign
any needed application and/or documentation and the Town Supervisor and/or Town Budget Officer
to take any and all steps necessary to implement the terms of this Resolution and Program.
th
Duly adopted this 28 day of June, 2010, by the following vote:
AYES : Mr. Metivier, Mr. Montesi, Mr. Strough, Mr. Brewer, Mr. Stec
NOES : None
ABSENT: None