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RES NO 12-01-2025 CITY OF VAN BUREN,ARKANSAS RESOLUTION NO./A - Of -2025 BE IT ENACTED BY THE CITY COUNCIL, FOR THE CITY OF VAN BUREN, ARKANSAS,A RESOLUTION TO BE ENTITLED: A RESOLUTION AUTHORIZING THE MAYOR AND CITY CLERK-TREASURER TO PRE-PAY INSURANCE PREMIUMS TO MUNICIPAL HEALTH BENEFIT PLAN FOR CALENDAR YEAR 2026. WHEREAS, the City of Van Buren, Arkansas pays insurance premiums to Municipal Health Benefit Plan for city employees,lifetime retirees,city council and A&P Commission, and WHEREAS, Municipal Health Benefit Fund had a sizable increase in premiums for the calendar year 2026 of$428,326.56 and WHEREAS, the City of Van Buren wants to defer any deduction increase to the City of Van Buren employees for the calendar year 2026, NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VAN BUREN,ARKANSAS,THAT: SECTION 1: The City of Van Buren and Arkansas Municipal League, Municipal Health Benefit Plan agrees to accept a one-time payment of$428,326.56 to be paid in December 2025 for the difference of premium insurance costs between calendar year 2025 and 2026. See attachment"A"for signed agreement. SECTION 2: The Arkansas Municipal League, Municipal Health Benefit Plan agrees to bill the City of Van Buren at the insurance premium rates for calendar year 2025 in calendar year 2026 and further agrees that this will satisfy the insurance premium increase for year 2026. SECTION 3: Any difference in employee coverage could result in a balance due at the end of calendar year 2026 if the census and coverage change drastically. SECTION 4: The City Council directs the Mayor and City Clerk-Treasurer to make a one-time payment to Municipal Health Benefit Plan in the amount of$428,326.56. I�WITNESS HEREOF,the City of Van Buren,Arkansas, did pass, approve, and adopt,by a vote of for and 0against, the foregoing Resolution at its regular meeting held on the 81 day of December 2025. oseph Hurst M ATT QQ APPROVED AS Shawnna Rey olds okJacob Howe _ City Clerk/Treasurer City Attorney Municipal Health Benefit Program Payment Agreement This Payment Agreement is made this day by and between the City of Van Buren, Arkansas (hereinafter referred to as"City"), a municipal government organized under the laws of the State of Arkansas, and the Municipal Health Benefit Program, an instrumentality of municipal governments (hereinafter referred to as the"AMU'), collectively referred to herein as the Parties. WHEREAS, the City is a public employer participating in the Municipal Health Benefit Program Health Benefit Plan; WHEREAS, the City is currently assessed a monthly premium of $558.45/employee-only coverage and $1,252.05/family coverage on behalf of employees, lifetime retirees, and city council members participating in the Plan ("2025 Premium"); WHEREAS,the City's claims experience in 2025 has warranted an increase in the assessed monthly premium to $675.75/employee-only coverage and $1,515.21/family coverage for the 2026 plan year("2026 Premium"); WHEREAS, the City wishes to pay the difference between the assessed 2025 Premium and the 2026 Premium in a one-time payment to avoid an increase to the employee contribution attributed to the newly assessed 2026 Premium; NOW,THEREFORE, in consideration of the mutual covenants contained herein and forgood and valuable consideration, the legal adequacy,which is hereby acknowledged,the Parties mutually agree as follows: 1. 2026 Premium Obligations. a. Beginning in January 2026, the City is estimated to have sixty (60) employees enrolled in employee-only coverage and one-hundred-one (101) employees enrolled in family coverage; three (3) retirees enrolled in employee-only coverage and six (6) retirees enrolled in family coverage; and one (1) person enrolled in dependent-only ("Estimated Enrollees"). b. Based on the 2026 Estimated Enrollees, the monthly difference between the 2025 Premium and the 2026 Premium is $7,535.76/employee-only coverage and$28,158.12/family coverage,and the annual difference between the 2025 Page 1 of 4 Premium and the 2026 Premium is $90,429.12/employee-only coverage and $337,897.44/family coverage. c. The City therefore shall pay Municipal Health a one-time payment of $428,326.56 to satisfy the annual difference between the 2025 Premium and the 2026 Premium ("2026 Lump Sum Payment"). The 2026 Lump Sum Payment shall be made by January 1, 2026. d. The City will continue to pay the remainder of the 2026 Premium as invoiced monthly by Municipal Health. 2. Municipal Health Obligations. a. Municipal Health shall submit monthly invoices to City as adjusted to include the one-time payment by City, which shall effectively result in the City receiving invoices in the 2026 plan year that are the equivalent of the 2025 Premium. b. Municipal Health shall include the 2026 Lump Sum Payment and any other monies owed based on the results of the End of Year Census, along with the monthly invoiced amounts in the 2026 plan year,when ca[culating the claims experience in 2026 and assessing premium amounts for the 2027 plan year. 3. End of Year Census. At the end of the 2026 plan year, the Parties shall review a census of enrolled employees for each month in the plan year and determine the difference, if any, between actual employees enrolled in the plan and the Estimated Enrollees. If the difference would have resulted in a significantly higher or lower 2026 Lump Sum Payment,that amount shall be debited or credited to the City depending on the difference. A significantly higher or lower 2026 Lump Sum Payment shall mean an amount in excess of$10,000.00. 4. Van Buren A&P Commission. For purposes of this Payment Agreement, the Van Buren A&P Commission shall not be included, and beginning January 1, 2026, the Commission shall be invoiced separately and based on the 2026 Premium with no consideration given to the 2026 Lump Sum Payment made by the City. 5. Amendment. This Agreement and any Attachments attached hereto may be amended by written mutual consent of all parties in advance of implementation. Amendments to this Agreement shall supersede the terms and conditions of those other parts of this Agreement in the event of a conflict. 6. Agreement Binding.This Agreement shall be binding upon and inure to the benefit of the heirs, legatees, legal representatives, successors and assigns of the parties hereto. Page 2 of 4 7. Entire Agreement. This Agreement and Exhibits attached hereto, and any documents incorporated by reference, represents the entire agreement of the parties. It supersedes any prior agreements, promises, negotiations or representations either orator written,relating to the subject matter of the Agreement. 8. Waiver.The waiver by either party of any breach of any provision of the Agreement or warranty or representation herein set forth shalt not be construed as a waiver of any subsequent breach of the same or other provision. 9. Severability.if any provisions of this Agreement are held to be illegal or invalid for any reason, such illegality or invalidity shall not affect the remaining portions of the Agreement, unless such illegality or invalidity prevents accomplishment of the objectives and purposes of the Agreement. 10.Governing Law. This Agreement shall be construed and enforced in accordancewith the laws of the State of Arkansas as amended from time to time and subject to any applicable federal law. 11.Compliance with Laws. Each party shall comply with all United States federal,state, and local laws, statutes, rule and regulations applicable to the Agreement and any services contemplated hereunder. 12.Authority to Contract. Each person executing this Agreement represents and warrants that he or she has all necessary power and full legal authority to enter into g Y this Agreement for and on behalf of the respective party for which he or she is executing this Agreement and to bind that party, and that this Agreement and performance hereunder does not violate the terms of any contract, covenant or agreement between a party and a third party. 13.Jointly Drafted.This Agreement shall be deemed to have been jointly drafted by the parties and no provision of it shall be interpreted or construed for or against another party because such party actually or purportedly or requested such provision. [SIGNATURE PAGE TO FOLLOW] Page 3 of 4 lq IN WITNESS,WHEREOF,this Agreement is executed by the authorized representative the parties. of By: BY: 2 --5� - Date:, Date: l 3 s:. n Page 4 of 4 � .. ww