Monday, May 11, 2026 -Employee Benefit Trust Special Meeting

The City of San Luis Employee Benefit Trust held a special meeting on May 11, 2026, primarily focused on discussing the upcoming fiscal year's employee health benefits plan funding and insurance coverage. The meeting included a detailed presentation by a CBIZ account executive on the significant projected funding increase of approximately 25% driven mainly by high-cost claimants and a substantial rise in stop-loss insurance premiums. The board discussed and approved switching the stop-loss insurance carrier to Symetra, which offered more favorable terms despite a required $800,000 deductible for a high-cost individual. Additionally, the trustees reviewed two premium increase options (15% and 20%) to fund the trust for the next fiscal year, ultimately approving a 15% premium increase while utilizing trust reserves to cover potential high claims. The meeting also approved enhancements to the dental plan, including increasing the maximum dental implant benefit and adding adult orthodontic coverage and expanded nutrition services.