Resolution 85-86-15

Health Insurance Plans; USC/Prudential

That Motion 85086-15 tabled at the December 18^th meeting of the Faculty Senate be brought to the floor, as follows: Whereas: As a result of the large premium (out-of-pocket cost) increase last year, and the new more stringent utilization controls, the USC-Prudential Plans I and II now have a combined surplus of almost $1.5 million. Now is the proper time to plan ahead in order to minimize the possibility of large premium increases in the future. Therefore Be It Resolved: that all surpluses, current and future, generated by USC Plans I and II be put into an interest-bearing reserve account to be used as needed in the future in order to prevent large single year premium increases or benefit cut backs if the plans experience short-term higher than expected expenses.

Resolution Number: 85-86-15

Author: Don Yett, seconded by Bob Cole

Date: December 18, 1985

Action Taken: Passed