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The Commission agreed to move forward with Foundation Risk Partners as the city’s employee benefits broker, with formal acceptance to be placed on a future agenda.
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Foundation Risk Partners and Gehring Group presented proposals for managing the city’s employee benefits. The Commission discussed broker fees, insurance plan options, and potential self-funded coverage, but did not decide to change the current insurance plan. The current broker fee was described as 2%, or about $75,000 annually.
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