1. CTCOG Update

2. Tenure Awards 10 Employees Service ranging from 10.47 to 25.67 years
Total cumulative service of years
Two employees from the Area Agency on Aging
Eight employees from Workforce

3. CTCOG Update 2016 was a year of change at CTCOG.
Four of five Division Directors have changed in the past 18 months.
New legislative delegation.
Two Director retirements alone spanned over 65 years of service.
Overall budget has increased from $40 to $43 million.
New projects in the Planning and Environmental areas.
Theme for 2017 is “Trust, Value Relationship.”

4. Benefits Update

5. Health Plan Options CIGNA Declined Aetna Declined
Blue Cross/Blue Shield % Increase
United Healthcare % Increase
Humana % Increase
Scott and White % Increase

6. Health Plan Costs Type of Coverage Base Plan High Plan
Employee $---/$610 $106/$609
Employee/Spouse $90/$1420 $354/$1400
Employee/Children $47/$1050 $237/$1032
Employee/Family $120/$1720 $438/$1700

7. List of Benefits (CTCOG Pays)
Salary
Health Insurance
Life Insurance, Employee 2x Salary
Guardian Dental
Guardian Long Term Disability
Guardian Life Insurance
3x Annual Salary
$10,000 Spouse
$5,000 Children
Unum Long Term Care
CTCOG pays 3 years, $4,000/mo.
Long Term Care Facility 100% of $4,000
50% of $4,000 Professional Home and Community Care
National Employers Retirement Trust 3% - 7%
Vacation Leave
Sick Leave
Holidays

8. List of Benefits (Employee Pays)
Guardian Voluntary Life Insurance
Guardian Health Care Reimbursement Account
Deferred Compensation Plan
AFLAC
New York Life
LegalShield

9. Benefits Theory Salary is for day to day expenses and savings.
Retirement is for …………..retirement.
Deferred compensation is for retirement.
Vacation/Holiday leave is for quality of life.
Sick leave is for short term illness and;
Accrued sick leave is to bridge the gap (90 days) between illness and Long-Term Disability.

10. What is the Value of the Benefits?
Varies from employee to employee.
In general, benefits equate to 75% of salary.
Example:
Salary $50,000
Benefits $37,500
Total Cost $87,500

11. When can I retire? How much will I have?
Current Plan
Sample: $50,000 Salary 25 years of service
Average return 9% = $461,619.88
20 year payout at 100% of salary
Average return 7% = $338,382.35
13 year payout at 100% of salary
Systematic withdrawal calculator

12. Possible Pension Plan TCDRS
Same cost to CTCOG and Employee
Sample $50,000 Salary 25 years of service
Guaranteed return of 7% annually
20 year payout is 60% of salary

13. Advantages/Disadvantages
Current Plan (NERT)
Possible Plan (TCDRS)
Advantages
Control
Ownership of Fund
Risk Control
Disadvantages
No guaranteed rate
Employee Involvement
Advantages
Guaranteed Rate
Guaranteed Payout
Disadvantages
No fund ownership
No control
Limited return

14. 2017 Incentives Employee/Spouse Annual Physical 15%
Smoking Cessation %

15. Fair Labor Standards Act (FLSA)
New law on hold redefines the salary levels for exempt employees and the rules that govern compensatory and overtime compensation.
Standard work day 8-5
Standard work week 5:00 on Friday – 4:59 the following Friday.
If you are exempt, no change
If you are non-exempt, you cannot work more than 40 hours in a standard work week.

16. CTCOG Policy Nonexempt employees are compensated by being given:
Equal time off within the same work week;
Compensatory time off at one and one-half times the number of hours worked; or
If specifically authorized by the Executive Director, payment at the rate of one and one-half times the hourly rate.
All compensatory time agreements must be approved between the employee and the supervisor, and approved by the Executive Director prior to the work being completed.