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File #: 3201-2024    Version: 1
Type: Ordinance Status: Passed
File created: 11/14/2024 In control: Workforce, Education, & Labor Committee
On agenda: 12/9/2024 Final action: 12/11/2024
Title: To make appropriations for the 12 months ending January 31, 2026 for the funding of the City employee insurance programs; to authorize the Director of the Department of Human Resources to make payments from said appropriations; and to declare an emergency. ($261,478,000.00).
Attachments: 1. 3201-2024 apprn attachment
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. Cost estimates for 2025 claims and administrative fees are based on 2023-2024 benefits fund expenditures using a two-year average of actual city utilization and expected changes due to union negotiations. Input from insurance carriers, in conjunction with industry trends, and actuarial services are also key factors. The revenue for the 2025 benefits fund includes the 2025 Department budgeted amounts, employee premium contributions, COBRA premium deposits, and medical and prescription drug rebates.
Emergency action is requested to ensure the health insurance programs for city employees are able to commence as soon as contractually possible, thereby maintaining continuity of service.

FISCAL IMPACT: Claims costs and administrative fees for 2025 are estimated at $261,478,000.00. A total of $261,478,000.00 is projected to be required for 2025. These funds are needed to cover the costs of the City employee insurances and wellness programs. This ordinance is contingent on the passage of the 2025 Operating Budget (ordinances 3035-2024, 3036-2024, and 3037-2024).


Appropriation is being made to the following programs:

Medical Plan* $243,874,000.00
Ohio AFSCME Cares Plan 30,000.00
Dental Plan 8,760,000.00
Vision Plan 1,621,000.00
Life Plan 2,500,000.00
Disability Plan 4,405,000.00
Employee Fitness Center 190,000.00
Healthcare screenings and events 98,000.00
TOTAL $261,478,000.00

*Includes medical, drug, COBRA, tobacco cessation and PCORI fees.

Title

To make appropriations for the 12 months ending January 31...

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