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 2013 budgeted amounts, employee premium contributions and COBRA premium deposits.
FISCAL IMPACT: Claims costs and administrative fees for 2013 and are estimated at $142,710,700.00. A total of $142,710,700.00 is projected to be required for 2013. These funds are needed to cover the costs of the City employee insurances.
Appropriation is being made to the following programs:
Medical Plan (including COBRA) $ 101,572,672
Occupational Health Clinic $ 305,000
Dental Plan $ 5,350,000
Drug Plan $ 30,500,000
Vision Plan $ 942,000
Life Plan $ 1,100,000
Disability Plan $ 2,941,028
TOTAL $ 142,710,700
Title
To make appropriations for the 12 months ending January 31, 2014 for the funding of the City employee insurance programs; and to declare an emergency. ($142,710,700.00)
Body
WHEREAS, an emergency exists in the usual daily operation of the City of Columbus in that it is immediately necessary for aforementioned purpose for the preservation of the public health, peace, property, safety, and welfare; now, therefore,
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS, OHIO
SECTION 1. That from the monies in and from all monies estimated to come into the Employee Benefits Fund 502, from any and all sources during the 12 months ending January 31, 2014, the following appropriations are hereby authorized and directed:
See attachment: 2013 Appropriation attachment
SECTION 2. That from the monies appropriated in th...
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