Agenda

Exhibit 2

ei Make Up.-Claims
COVID-19 Claims:

_ . vn fe — | Sav actual Claims:

7 Faecal ened anand bauer tH ecg i a

sub 2e Auge20 Sep-20 Oct-20 Nav-20" Dec-20 - Jon-21Feb-2i--Mor2i Apr-21 May-21 fun-21 Jubzt

Nates:

i. Actual claims are those claims we expected to see prior to the outbreak of COVID-19 claims. Claims decrease belaw the average monthly expected amount due to the short term elimination of non-essential
services. We are currently projecting @ 25% reduction in normal claims activity.

rie

06/0

City of Nashua - GRAND TOTAL including MERIT, POLPATROL & TEACHERS
Estimated Impact of Enrollment Shift to HSA

1/2026

FY21 Estimated Costs Without Enrollment Shift

Fy21 Es timated Costs With Enrollment Shift : :

PY21 Estimated Savings

Exhibit 1

Trends in the Health Fund by Month:

FY2020

High Deductible-Health Savings Acct 603 724 121

The participant shifts will result in a reduction of $74,331 in employee cost, and $297,334 in employer
cost (see Exhibit 3).

City of Nashua

Administrative Services Division Phone (603) 589-3260
229 Main Street - Nashua, NH 03060

June 9, 2020

To: Mayor Jim Donchess
Members of the Board of Aldermen

From: Kim Kleiner, Director of Administrative Services
Re: Health Insurance Fund

The following information on the benefits self-insurance fund is provided in response to a request
from the Budget committee on June 2, 2020.

Workplace Benefit Solutions (WBS) estimates the self-insurance benefit fund balance to be $8,934,229
at fiscal year-end.

contribution rates and requires employers to annually pay those rates in full. Employer rates are calculated every two
years to reflect the cost of benefits as they accrue as well as pay down existing unfunded flabilities, The retirement
system's unfunded fiability is the difference between current assets and the value of benefits already accrued. This
unfunded liability - most of which is being paid off through 2039 — accounts for more than two-thirds of current

For Immediate Release: June 9, 2020
Contact: Marty Karlon, Public Information Officer, (603) 410-3594; public_relationsidinhrs.org

NHRS Trustees Reduce Assumed Rate of Return

Rate change is part of several adjustments to actuarial assumptions

) THE CITY OF NASHUA "7

Ae Financial Services Division
Office of the Chief Financial Officer

TO: President Lori Wilshire
Members of the Board of Aldermen

Ce: Mayor Jim Donchess
Jobn L. Griffin, Chief Financial Officer/Comptroller

June 10, 2020

NHRS Lower Assumed Rate of Returm from 7.25 to 6.75 Percent

R-20-040
Endorsers: Mayor Jim Donchess
Alderman Linda Harriott-Gathright
Alderman-at-Large David C. Tencza
Alderman-at-Large Michael B. O’Brien, Sr.
Alderman Richard A. Dowd
Alderman Jan Schmidt
AUTHORIZING THE MAYOR AND CITY TREASURER TO BORROW FROM THE NEW HAMPSHIRE
DEPARTMENT OF ENVIRONMENTAL SERVICES STATE REVOLVING LOAN FUND AN ADDITIONAL
AMOUNT NOT TO EXCEED TWO MILLION FIVE HUNDRED THOUSAND DOLLARS ($2,500,000) FOR
PUMP STATION UPGRADES
e Budget Review Committee Recommends: Final Passage