LITH Fights Soaring Benefit Costs
Lake in the Hills trustees Tuesday considered a plan to temper a rise in the cost of village employee benefits.
Village Finance Director Pete Stefan told the Commitee of the Whole that without changes increased premiums for medical, dental, vision and life insurance would rise a stunning 21.3 percent. He said increasing employee contributions somewhat would lessen the increase to 15 percent and boosting employee copays could hold the increase to a mere 11.4 percent.
Stefan said the proposed changes would the village save about $91,000 on benefit costs that would still total $1.45 million.
Trustee Paul Mulcahy said, "I think this is a pretty equitable plan sharing costs with the employees." Trustees will take up the measure Thursday.