Board of Aldermen 3-31-2020 Page 25
next year. Is that the end of it or does it continue to carry over year after year.
Larry Budreau, Human Resources Director
Sorry Director Kleiner, it is not the end of it. It carries over year after year and when you retire or resign it
becomes your money the instant you first get that $3,000.00 and it continues year after year when you retire
or you resign, you take that with you.
Alderman Harriott-Gathright
OK and my one last question. So for the unaffiliated, that’s their choice to choose one of those three options,
correct?
Larry Budreau, Human Resources Director
Correct.
Alderman Harriott-Gathright
Ok thank you.
President Wilshire
You’re welcome.
Alderwoman Kelly
Yeah, | have a few questions, actually the first one was actually something that you just said Director
Budreau. So you said you would take that money with you when you retire. Does is still stay in an HSA so
you can only access it for healthcare?
Larry Budreau, Human Resources Director
It does stay in an HSA; however HSA’s like other tax deferred savings accounts, you can take the money and
spend it on anything but you do pay the taxes at that point.
Alderwoman Kelly
OK thank you. So my second question is around projections so | know our projects on terms of how much
our health care was going to go up were done you know earlier this year. I’m not sure anyone will be able to
answer this but | am assuming given the state of the world and the crisis we are in that those numbers will
adjust?
Larry Budreau, Human Resources Director
President, may Director Kleiner take that question?
President Wilshire
Yes.
Kim Kleiner, Admin. Services Director
So the numbers that we see, Alderwoman Kelly, are always an estimate and they do fluctuate and we see
