Benefits: 2006 - 2007 Program Information


Policies & Guidelines


The policies and laws are applicable to all members whose health benefits are provided through the CIS Employee Benefits program. A Decision-Making Guide for Employers Trust Policies Governing CIS Employee Benefits Program CIS Bylaws

CIS GASB 45 Services For Cities and Counties


Over the next several fiscal years, governments that offer post-retirement health or other insurance will have to begin reporting the liability for these “Other Post Employment Benefits” (OPEB) on their financial statements. This reporting requirement comes from Statement 45 of the Government Accounting Standards Board (GASB). City County Insurance Services (CIS) will be involved in helping its members assess their liability and develop the appropriate information for financial statements. CIS is contracting with the Milliman actuarial firm to perform GASB 45 valuations for cities and counties at lower-than-market rates. Milliman was chosen as the result of a RFP process.
More Information on GASB 45

The Concern About Employee Opt Out for Cash Provisions


Some cities and counties have been able to reduce their employee benefits costs by offering large cash payments in lieu of health benefits to those employees who are able to secure coverage elsewhere. The entity saves the difference between the cash paid to the employee and the cost of CIS health premiums. Why, then, is CIS discouraging this practice by placing a $25 per month cap on the cash benefit an employee can receive if they opt out of CIS health coverage?
More Information on Cash Provisions