Explanation
BACKGROUND:
To maintain insurance programs in accordance with the negotiated labor contracts, additional funding of the short term disability insurance program is necessary to insure continuation of employee insurance coverage. Cost estimates were based on 2013-14 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. The Dearborn National contract is a three year contract, subject to annual appropriations; this ordinance represents the second year.
Emergency action is requested to ensure the short term disability program for city employees is able to commence as soon as contractually possible, thereby maintaining continuity of service.
Contract compliance number is 36-2598882
FISCAL IMPACT: To modify and extend the contract with Dearborn National to establish the maximum obligation liability, and to authorize the expenditure of $2,979,235 for short term disability administrative and claims services from February 1, 2015 through January 31, 2016. Funding is available in the 2015 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 the 2015 Operating Budget (ordinances 2620-2014 and 2621-2014).
Title
To authorize the Human Resources Director to modify and extend the contract with Dearborn National to provide all eligible employees short term disability insurance coverage from February 1, 2015 through January 31, 2016, and to authorize the expenditure of $2,979,235.00 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. ($2,979,235.00)
Body
WHEREAS, it is in the best interest of the City of Columbus to modify and extend the contract with Dearborn National to provide all eligible employees short term disability insurance administration ...
Click here for full text