Explanation
BACKGROUND:
To maintain insurance programs in accordance with the negotiated labor contracts, additional funding of the vision insurance program is necessary to insure continuation of employee insurance coverage. Cost estimates were based on 2014-15 trust fund expenditures using a three year average of actual city utilization, expected changes due to union negotiations, as well as input from insurance carriers. This Vision Service Plan contract is for a three-year period, subject to annual appropriation; this ordinance represents the third year.
Emergency action is requested to ensure the vision insurance program for city employees is able to commence as soon as contractually possible, thereby maintaining continuity of service.
Contract compliance number is 31-0725743.
FISCAL IMPACT: To modify and extend the contract with Vision Service Plan to establish the maximum obligation liability, and to authorize the expenditure of $1,017,525 for vision plan administration services from February 1, 2016 through January 31, 2017. Funding is available in the 2016 budget for this contract. This ordinance is an emergency measure to ensure continued insurance coverage as negotiated by union contracts. Contingent on the passage of ordinance 3114-2015. ($1,017,525.00)
Title
To authorize the Human Resources Director to modify and extend the contract with Vision Service Plan to provide all eligible employees vision plan administration from February 1, 2016 through January 31, 2017; to authorize the expenditure of $1,017,525.00 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. ($1,017,525.00)
Body
WHEREAS, it is in the best interest of the City of Columbus to modify the contract with Vision Service Plan to provide all eligible employees vision plan administration from February 1, 2016 through January 31, 2017; and
WHEREAS, it is necessary to authorize the expenditu...
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