At Monday’s Glencoe-Silver Lake School Board meeting, Business Manager Michelle Sander reported that the district received an insurance rebate of $125,611.
Sander said the rebate “basically came about because of the settlement process.”
She said when the school district has two good consecutive years of premiums paid, it can qualify for a refund.
Rates for premiums for employees have been at 0 percent but as of July 1, rates will increase to 5.3 percent. Sander said no additional contributions will be paid through the district, but that the increase will be absorbed by the employees.
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GSL School Board gets $125,611 rebate; debates what to do with it
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