Second Health Savings Agreement (FY 2019 to FY 2021) On June 26, 2018, Mayor Bill de Blasio announced a second health savings agreement with the Municipal Labor Committee (MLC) covering the fiscal period 2019 to 2021 which builds on the first savings agreement of fiscal year 2015 to 2018. The key features of the new savings agreement are as follows: A commitment to generate cumulative healthcare savings of $1.1 billion over a 3-year period (fiscal year 2019 to 2021) of which $600 million will recur annually beyond FY’2021. [Savings targets in each of the fiscal years are: 200 million in FY’2019, $300 million in FY’2020, and $600 million in FY’2021.] In the event that the savings target is exceeded, the first $68 million over the $600 million recurring savings in FY 2021 will fund a $100 per member health and welfare fund increase; savings thereafter will be shared equally between the City […]