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7. Proposed 2018 Plan Renewals
Handle: Version-81067
Owner: Newcomb, Kellee (User-147, 02075:EVERETT)DS
Monday, August 21, 2017 02:31:08 PM PDT
Sunday, September 10, 2017 11:36:07 PM PDT
Modified By:
- HEALTH WEALTH CAREER AUGUST 23, 2017 Sean White Wade Symons Nick Albert Katrina Wang Seattle EVERETT SCHOOL EMPLOYEE BENEFIT TRUST 2018 RENEWAL REPORT Copyright © 2017 Mercer (US) Inc. - All rights reserved. - 4 EXECUTIVE SUMMARY INTRODUCTION Funding Status • Projected 2018 deficit of $2.5M if no changes made • Leads to projected year-end reserve of $3.4M; 1.3 months of expense • Mercer prepared alternate scenarios which yield 1.5 and 2.0 months of expense coverage Affordability Analysis • 2018 CDH contributions will be unaffordable in accordance with ACA employer-shared responsibility...
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Appears In: 7. Proposed 2018 Plan Renewals