Explanation
BACKGROUND:To maintain the employee insurance programs in accordance with the negotiated labor contracts, appropriation is necessary for the continuation of all employee benefits programs. To determine the amounts necessary for the annual appropriation, current utilization and projected future claims were analyzed and trended on the basis of an 18-month trend of actual city utilization in conjunction with industry trends, as well as actuarial services. The appropriation included 2009 budgeted amounts, employee premium contributions and COBRA premium deposits.
FISCAL IMPACT: Claims costs and administrative fees for 2009 and are estimated at $102,671,178.00. A total of $102,671,178.00 is projected to be required for 2009. These funds are needed to cover the costs of the City employee insurances. This ordinance is an emergency measure to ensure continued insurance coverage as negotiated by union contracts.
Appropriation is being made to the following programs:
Medical Plan (including COBRA) $ 67,459,848.00
Occupational Health Clinic $ 250,000.00
Dental Plan $ 6,841,200.00
Drug Plan $ 22,359,600.00
Vision Plan $ 1,186,500.00
Life Plan $ 1,395,680.00
Disability Plan $ 3,178,350.00
TOTAL $102,671,178.00
Title
To make appropriations for the 12 months ending January 31, 2010 for the funding of the City employee insurance programs, and to declare an emergency. ($102,671,178.00)
Body
WHEREAS, an emergency exists in the usual daily operation of the City of Columbus in that it is immediately necessary to enter into a contract and to pay the associated contract costs to avoid interruption in necessary services for the preservation of public health, peace, property, safety and welfare;
Now, Therefore,
BE IT ORDAINED BY THE COUNCIL OF THE CITY O...
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