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of Tukwila <br />Allan Ekberg, Mayor <br />INFORMATIONAL MEMORANDUM <br />TO: City Council <br />FROM: Vicky Carlsen, Finance Director <br />CC: Mayor Ekberg <br />DATE: September 20, 2022 <br />SUBJECT: LEOFF 1 Retiree Self -Insured Healthcare Plan 2023-2024 Proposed <br />Budget <br />ISSUE <br />Review the LEOFF 1 Retiree Self -Insured Healthcare Plan fund 2023-2024 proposed <br />budget. <br />BACKGROUND <br />This fund accounts for the City's self-insured healthcare plan for Law Enforcement <br />Officers and Firefighters (LEOFF) retirees. The fund receives contributions from both the <br />police and fire departments on behalf of the retired LEOFF 1 employees. The City <br />currently has 32 members receiving benefits under this plan. It is a closed plan, meaning <br />no new members are able to join LEOFF 1. <br />DISCUSSION <br />This fund covers the City's LEOFF 1 retiree self-insured healthcare claims and <br />administrative fees. The budget has been drafted to reflect estimated expenses and is <br />funded at the level recommended by the City's broker and actuary. <br />RECOMMENDATION <br />For information and discussion <br />ATTACHMENTS <br />Draft LEOFF 1 Retiree Self -Insured Healthcare Plan Fund 2023-2024 Budget <br />17 <br />