GOCC Insurance Change
October 18, 2011 by WLKM
Glen Oaks Community College’s Board of Trustees last week approved a formula that changes the amount of insurance coverage paid by the school’s employees.
A so-called 80/20 formula was adopted by the board, as its members were obligated to meet a state requirement calling for employees paid through public funds to comply with the 80/20 formula. The alternative was for employees to accept a hard cap on their annual insurance dues.
College officials said the 80/20 formula would have less of an impact on the amount employees pay toward their coverage.
The plan affects only non-union employees.