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County of Sonoma Retiree Benefits Enrollment & Change Form Hr Sonoma County

County of Sonoma Retiree Benefits Enrollment & Change Form Hr Sonoma County

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hi my name is Omar Reid and I'm the senior vice president of HR for hairs Health System I'm here today to talk a little bit about the changes that are coming for our retiree benefits program post employment health benefits program we recognize that a promise has been made in the past to retirees and certainly we want to make sure we keep with that promise or promise made is a promise kept so on June 1st the first thing that is changing is that new employees will no longer be eligible for retiree health care's and then on January 1st 2020 we will introduce what is known as a health reimbursement account to retirees it absolutely has no effect on pinch in the pension and 401k and 457 will remain intact and there is no impact to pensions whatsoever an HRA is an health reimbursement account an HRA is a account that can be used to pay for medical expenses out-of-pocket expenses and it can also be used to pay for health care services and our HRA is going to be a fully funded HRA in every mon

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