City of Columbus - File #: 2288-2006

• File #: 2288-2006
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 12/13/2006
• In control: Administration Committee
• On agenda: 1/29/2007
• Final action: 1/30/2007
• Title: To authorize the Human Resources Director to modify and extend the existing contract with Standard Insurance to provide all eligible employees life insurance coverage from February 1, 2007, through January 31, 2008, and to authorize the expenditure of $1,342,000.00 from the Employee Benefits Fund, or so much thereof as may be necessary to pay the costs of said contract; and to declare an emergency. ($1,342,000.00)

Date	Ver.	Action By	Action	Result
1/30/2007	1	MAYOR	Signed
1/30/2007	1	CITY CLERK	Attest
1/29/2007	1	Columbus City Council	Approved	Pass
1/29/2007	1	COUNCIL PRESIDENT	Signed
1/16/2007	1	HR Drafter	Sent for Approval
1/16/2007	1	CITY ATTORNEY	Reviewed and Approved
1/16/2007	1	HR Drafter	Sent to Clerk's Office for Council
1/12/2007	1	HR Drafter	Sent for Approval
1/12/2007	1	CITY AUDITOR	Contingent
1/12/2007	1	CITY AUDITOR	Reviewed and Approved
1/10/2007	1	ODI DIRECTOR	Reviewed and Approved
1/8/2007	1	EBOCO Reviewer	Reviewed and Approved
1/3/2007	1	HR Drafter	Sent for Approval
1/2/2007	1	Finance Reviewer	Reviewed and Approved
1/2/2007	1	FINANCE DIRECTOR	Reviewed and Approved
12/21/2006	1	HR Drafter	Sent for Approval
12/20/2006	1	HR DIRECTOR	Reviewed and Approved
12/13/2006	1	HR Drafter	Sent for Approval

Explanation
BACKGROUND: To maintain the insurance programs in accordance with the negotiated labor contracts, it is necessary to modify and extend the existing contract with Standard Insurance and to provide additional funding for the continuation of the group life insurance program. Cost estimates were based on 2006 fund expenditures trended on the basis of an 18 month average of actual City utilization in conjunction with industry trends, as well as actuarial services. The contract was awarded in 2005 as a result of an extensive RFP process. The contract is for a three-year period, subject to annual appropriation; this ordinance represents the final of two renewal options.

Contract compliance number: 93-0242990 (12-3-07)

FISCAL IMPACT: To modify and extend the existing contract with Standard Insurance to establish the maximum obligation liability, and to authorize the expenditure of $1,342,000.00 for life insurance services from February 1, 2007, through January 31, 2008. Funding is available in the 2007 budget for this contract. This ordinance is an emergency measure to ensure continued insurance coverage as negotiated by union contracts.

Title
To authorize the Human Resources Director to modify and extend the existing contract with Standard Insurance to provide all eligible employees life insurance coverage from February 1, 2007, through January 31, 2008, and to authorize the expenditure of $1,342,000.00 from the Employee Benefits Fund, or so much thereof as may be necessary to pay the costs of said contract; and to declare an emergency. ($1,342,000.00)

Body

WHEREAS, it is in the best interest of the City of Columbus to modify and extend the contract with Standard Insurance to provide all eligible employees life insurance from February 1, 2007 through January 31, 2008; and

WHEREAS, it is necessary to authorize the expenditure of up to $1,342,000.00, or so much thereof as may be necessary to pay contract costs for life insura...