Archive for April, 2011

Budget Decisions That Must be Made Now

Wednesday, April 27th, 2011

I have recently attended quite a few budget meetings of the City of Memphis. It is a spectacle that does not warm the heart of the overburdened Memphis taxpayer. Here are several examples that you should find interesting.

#1 is of Shea Flinn addressing a budget committee meeting. He proposed the (more…)

Some Budget Suggestions for Memphis

Thursday, April 21st, 2011

I suffered through a long day on Tuesday at City Hall listening to and filming some of the committee meetings. I ended my long day at the full city council meeting listening to the Mayor give his budget presentation which some people the next day compared to pawn shop finance.

(more…)

MLGW Family Health Care Plan Costs $27,176.40/Year!! Why?

Monday, April 18th, 2011

Welcome to federal and state tax due day, 2011. You have until midnight to get your checks in the mail. Locally you paid your property taxes to the County on February 28, 2011 and you City taxes in August of 2010.

However you are paying your utility bills every month and this is the (more…)

Details of Memphis and Shelby County Public Employee Health Care Plans

Tuesday, April 12th, 2011

My last posting gave details of the Memphis City School health care plans and their cost. Now I want to give details for the City of Memphis and Shelby County.

I have attached the details sheets for the City of Memphis and for Shelby County but here is a recap example for a family premier plan.

  Annual cost to employee Annual cost to employer Total annual cost
Active employee city of Memphis family premier plan $3644.88 $8504.72 $12149.60
Active employee Shelby county Cigna OAP (PPO)family $3972 $9252 $13,224
Retired city of Memphis employee, family plan any age, premier plan $3644.88 $8504.72 $12149.60
Retired Shelby county employee over 65, medicare supplement plan $1363.20 $3180.96 $4544.16

 

Shelby county over the years has gotten most of their retirees on Medicare and are furnishing only a supplemental medicare plan which is costing a lot less than the city and accounts for much of the difference in their unfunded OPEB liability compared to the City of Memphis.

Public Health Care Plans

Wednesday, April 6th, 2011

In a recent article I explored health care costs for the Memphis City School System employees. I explained that these costs were exploding the OPEB unfunded liability for the MCS system as compared to the Shelby County School System. I also compared the City of Memphis (more…)

Memphis City School Health Care Costs

Monday, April 4th, 2011

I met last Wednesday with Mr. Dorsey Hopson, general counsel for the Memphis City School system. The meeting was concerning the recent ruling by the Chancery Court in my favor concerning open records (more…)