Chickasaw County reviews Flex plan benefits after successful audit and significant surplus

The Chickasaw County Board of Supervisors meeting on December 23, 2024, focused on discussions regarding employee benefits, specifically the Chickasaw County Flex Plan. The meeting highlighted the recent audit of the Employee Benefits System (EBS) and the financial status of the Flex Plan.

The Flex Plan year for 2023 concluded on June 30, 2024, with an extension until November 30, 2024. The plan ended with a total refund of $1,267.68, raising the overall balance to $13,545.18. Supervisors discussed various options for utilizing this balance, emphasizing the need to avoid administrative expenses, which had previously caused issues.

One key proposal was to enhance employee benefits for the upcoming year. Options included reducing required salary deductions, offering a premium holiday, or increasing coverage amounts. The supervisors expressed interest in exploring these options further, as the balance is expected to grow.

The discussions underscored the board's commitment to providing reasonable and uniform benefits to employees, aiming to validate gains among participants in a meaningful way. The meeting concluded with a consensus to investigate the potential benefits of the Flex Plan adjustments for the next year.