Smith County Policy Saves $17.7 Million - KYTX CBS 19 Tyler Longview News Weather Sports

Smith County Policy Saves $17.7 Million

Posted: Updated:

Smith County Commissioners Court:

SMITH CO (KYTX) - Changes to the Smith County policy for other postemployment benefits (OPEB) in 2005 and 2012 have netted more than $17 million in savings, County Judge Joel Baker announced in Commissioners Court Tuesday.

Many state and local governmental employers provide OPEB as part of the total compensation in addition to pensions that is offered to attract and retain the services of qualified employees.  OPEB include postemployment healthcare and life insurance, when provided separately from a pension plan.

 

"We had situations where an employee may have worked 18 years in another county before transferring to Smith County for two years and then retiring.   Upon their retirement, the employee collected postemployment healthcare benefits from Smith County for the rest of his or her life," Judge Baker said. 

 

In 2005 the Court voted to make the County's Retiree Health Benefit Plan a closed program for any new hires.  However, in 2012 the Commissioner's Court adopted a policy change that placed an additional requirement of 20 years of service to Smith County before employees were eligible for other postemployment benefits.  "This was a way for the court to honor the service of true long-term employees," said Judge Baker.

 

This recent policy change reduced the number of active benefits-eligible employees from 342 to 276 and reduced the county's OPEB liability by 22.53%.

 

  • Local NewsMore>>

  • In somber ceremony, Dutch welcome home first remains of MH17 victims

    In somber ceremony, Dutch welcome home first remains of MH17 victims

    Wednesday, July 23 2014 12:47 PM EDT2014-07-23 16:47:58 GMT
    CNNCNN
    (CNN) -- A lone bugler sounding the traditional military farewell "Last Post" marked the arrival Wednesday in the Netherlands of the first dead from the crash of Malaysia Airlines Flight 17.More >>
    (CNN) -- A lone bugler sounding the traditional military farewell "Last Post" marked the arrival Wednesday in the Netherlands of the first dead from the crash of Malaysia Airlines Flight 17.More >>
  • Washington family says dog reunited with Texas family belongs to them

    Washington family says dog reunited with Texas family belongs to them

    Wednesday, July 23 2014 10:25 AM EDT2014-07-23 14:25:07 GMT
    It was a joyous reunion for one family and a devastating loss for another. The Miller family of Tyler lost their beloved Maltese named Reese seven years ago. The little white dog escaped while the Millers were visiting family in Balch Springs.More >>
    It was a joyous reunion for one family and a devastating loss for another. The Miller family of Tyler lost their beloved Maltese named Reese seven years ago. The little white dog escaped while the Millers were visiting family in Balch Springs.More >>
  • ‘Operation Coyote’ targets human smuggling networks

    ‘Operation Coyote’ targets human smuggling networks

    Tuesday, July 22 2014 4:43 PM EDT2014-07-22 20:43:13 GMT
    photo: (ICE)photo: (ICE)
    WASHINGTON (KYTX) — In a news conference Tuesday, Secretary of Homeland Security Jeh Johnson, joined by U.S. Immigration and Customs Enforcement (ICE), U.S. Customs and Border Protection Border Patrol and U.S. Deputy Attorney General announced the progress of ongoing enforcement efforts by ICE Homeland Security Investigations (HSI) and the U.S. Department of Justice to target human smuggling networks in the Rio Grande Valley.More >>
    WASHINGTON (KYTX) — In a news conference Tuesday, Secretary of Homeland Security Jeh Johnson, joined by U.S. Immigration and Customs Enforcement (ICE), U.S. Customs and Border Protection Border Patrol and U.S. Deputy Attorney General announced the progress of ongoing enforcement efforts by ICE Homeland Security Investigations (HSI) and the U.S. Department of Justice to target human smuggling networks in the Rio Grande Valley.More >>
Powered by WorldNow

CBS19, MYTX & KCEB
2211 ESE Loop 323
Tyler, TX 75701
Phone (903) 581-2211
Fax (903) 581-5769

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KYTX. All Rights Reserved. Users of this site agree to the Terms of Service, Privacy Notice/Your California Privacy Rights, and Ad Choices.