7. Pension Plans (continued)

Board of County Commissioners Meeting · 2026-04-14 · agenda_item

This notice concerns the Retiree Health Insurance Subsidy Program and the FRS Investment Plan, which are state-administered retirement plans. The HIS Plan provides a monthly payment to help retirees of state retirement systems pay for health insurance. The FRS Investment Plan is a defined contribution plan where employee and employer contributions are based on salary and membership class. These plans are currently under review as part of the Board of County Commissioners' agenda. The review involves financial reporting and plan administration details. This item does not describe a construction project, but rather a review of existing financial and benefit programs. Therefore, there is no direct construction work or related trades implied at this time. Businesses involved in financial services, accounting, or legal services related to public sector benefits might find this information relevant for understanding ongoing administrative matters.

monthly HIS payment

7.50 $

minimum HIS payment

45 $

maximum HIS payment

225 $

employer contribution for administration costs

0.06 percent

Clerk's contributions to plans

2,399,698 $

Clerk's contributions to plans

2,352,909 $

Clerk's contributions to plans

2,034,343 $