governmental services - GORacine.org

FUND: GENERAL ADMINISTRATIVE SERVICESEMPLOYEE BENEFITSThis group of accounts is used to control and pay the costs incurred by Racine County providing the various employeefringe benefit programs for all departments.Workers Compensation is self-funded for Racine County with the exception of the Ridgewood Health Care Centerwhich purchases insurance. Premiums are assessed to departments based upon previous experience. The Countycurrently purchases stop-loss insurance for individual claims in excess of $300,000 up to a maximum of $1,000,000and $750,000 for any claim that involve federal benefits.Social Security is budgeted in each department. This account shows the total Social Security budget for the County.All eligible Racine County Employees participate in the Wisconsin Retirement System. Retirement is budgeted in eachdepartment. This account shows the total Retirement budget for the County.The group insurance account is non-lapsing because Racine County is a self-funded health insurance program. Thereserve created by a year with good experiences can be used in a year with unfavorable experiences. The County selffundsfor medical expenses of eligible employees and retirees. Currently, the County obtains third party stop losscoverage for all individual claims in excess of $275,000 up to a maximum of $1,725,000.The County purchases disability insurance for all employees, except Deputies, which provides disability coverage if anemployee is injured and is absent from work for more than six months up to a maximum of twelve months. Disability isbudgeted in each department. This account shows the total Disability budget for the County.Unemployment compensation is paid when incurred and is charged to departments where occurred. This account showsthe total Unemployment budget for the County.The County purchases life insurance for all employees in a qualifying position. Life insurance is budgeted in eachdepartment. This account shows the total Life Insurance budget for the County.The County is self-funded for Public Liability. The Sheriff's Office and Public Works & Development ServiceDepartment budgets 2.00% of all wages, Ridgewood Care Center and Communications Department budgets 1.75% ofall wages and the remaining departments budget 1.50% of all wages. This account summarizes the liability budgetassessed to each department and summarizes all liability expenditures. The County obtains a five million dollar excessliability policy with a one million dollar retainage. The County budgets for its' 8% share of remediation costs of theHunts landfill.The County is self-funded for auto insurance. The assessment is budgeted in the departments with motor vehicles. Allexpenses are shown in this account.Retirees who are eligible may participate in the County's group health insurance program. Expenses in the retireeinsurance cost center are recorded as revenues in the Group insurance cost center. Eligible retirees pay a percentage ofthe premium based upon years of service.PAGE 11 - 1