Tag Archives: Retirement Health Insurance

Is Our Retirement Health Insurance Changing? – Feb 2019

{Ron Woody, Roane County Executive}

If you are an employee, elected official, retiree or County Commissioner, you may want to make sure you have read “Impacts of Accounting Regulations” in the January 2019 newsletter. Could our retirement health insurance be changing? That will be a decision that the County Commissioners must make prior to March 31, 2019. The State Department of Finance and Administration in a Jan 18, 2019 letter establishes the deadline along with three basic options:

  • Opt-In: The county continues to offer pre-65 retiree health insurance.
  • Opt-Out: The county no longer offers pre-65 health insurance coverage.
  • Limited Opt-Out: Continues coverage for current retirees but will no longer cover future retirees.

The decisions made will impact employee benefits along with the county’s financial liabilities as noted in the previous article. The County Benefits Committee will meet in the near future to further discuss the county’s options. An executive summary will be posted on the county website.

What’s up for the New Calendar Year? – Jan 2019

What’s Up for the 2019 new calendar year (Jan-Dec)? We are halfway through our 2019 budget year (07/01/2018- 06/30/19). The six-month offset between our calendar year and our budget year allows us to evaluate the county and understand what is needed to keep Roane County on the right trajectory. For the next several months our Accounting Department with the County Executive’s Office will be working with our departments putting together our capital plans and capital budgets. We are now working out our 20-year capital plans.

The Capital Plan proceeds accordingly: During the first of the calendar year, we began focusing on our capital plans: 1) To understand what assets need to be purchased, maintained or replaced according to local, state, and federal legislation and objectives. 2) Next, we incorporate the capital need with our county operational budgets which are implemented on the first of July. 3) Finally, the Capital and Operations Budgets are adopted.

Here are a few of the capital issues under consideration. You can learn more about them in previous newsletters or read about them in upcoming issues here:

  • Schools (replacement or consolidation of physical assets)
  • Jail Expansion (property is purchased and preliminary designs are being reviewed)
  • Poplar Creek Rd (funding is approved and plans are being designed)
  • Recreation Programs (currently working with a 17-year-old master plan)
  • Caney Creek Bridge Replacement (TDOT project with local impact)

Additional Plans in Development:

  • Riley Creek Campground future plans and operations
  • Courthouse/Jail Parking
  • Ambulance Service Expansion into service area of Rockwood
  • Enhancement of County Fire Services (study underway)
  • Industrial Certified Site Development (reviewing inventory)

Through the planning process, we have identified a few matters which will impact our path forward:

  • Kingston TVA Ash Spill
  • Involvement with the DOEs plans of reindustrialization, future federal missions, community, business, industrial impact on Watts Bar Reservoir
  • Roane Academy, now known as the Youth Opportunity Center for Success and Independence or Youth Opportunity found in the Roane County Industrial Park
  • Asian carp and aquatic weeds
  • Accounting issue with Other Post-Employment Benefit (OPEB) – See “Impacts of Accounting Regulation” 
  • US Census (Roane County must start initial work in February 2019)
  • More to come…

So buckle-up, Roane County ’s, $100,000,000 budget works begin now.