Pension Life - Summer 2020
What’s happening with the group benefits review?
The board’s review of the post-retirement group benefits (PRGB) program is nearing completion. This review is comprehensive and includes a professional health benefit consultation to gather data about how the program is performing. We have analyzed claims data and other plan analytics, reviewed the benefits delivery and group administration of Pacific Blue Cross, benchmarked the program against other plans and reviewed the dental program.
Another important part of the review is member input on priorities for benefits. More than 4,000 members participated in a survey to share their feedback.
In late June, the board received the final report from our professional health benefit advisor. The preferences and input members provided through the survey are also helping inform how the board manages group benefits as we move forward. The board will consider all aspects of the review when it decides if any group benefit design changes are needed.
The board is pleased to report that your extended health care benefits will improve, effective January 2021. The changes are outlined in the Board communique: July 16, 2020.