POINT LOOKOUT, Missouri — College of the Ozarks has decided to issue a check to each college employee in the amount of $204 as a result of savings from the recent U.S. Tax Code revision.
“We were expecting to have to pay the extra amount in Obamacare costs,” said President Jerry C. Davis. “We are grateful for this savings and want to pass it along to our hard-working employees. It is a simple, but tangible, way to express our appreciation to them. We hope other organizations will consider doing the same.”
Among the changes in the recent revision was the elimination of the “Obamacare” mandate provision, which will reduce the College’s 2018-19 Blue Cross Blue Shield premiums by about 2.7 percent. This one-time premium savings is being passed on to all permanent, full-time employees, each of whom will receive a check near the end of January.