City of Columbus - File #: 0010-2005

• File #: 0010-2005
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 12/21/2004
• In control: Administration Committee
• On agenda: 1/10/2005
• Final action: 1/12/2005
• Title: To authorize the Human Resources Director to enter into a contract with Standard Insurance to provide all eligible employees life insurance coverage from February 1, 2005, through January 31, 2006, and to authorize the expenditure of $949,520.00 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. ($949,520.00)

Date	Ver.	Action By	Action	Result
1/12/2005	1	MAYOR	Signed
1/12/2005	1	CITY CLERK	Attest
1/10/2005	1	Columbus City Council	Approved	Pass
1/10/2005	1	COUNCIL PRESIDENT	Signed
12/30/2004	1	HR Drafter	Sent for Approval
12/30/2004	1	Auditor Reviewer	Reviewed and Approved
12/30/2004	1	CITY AUDITOR	Reviewed and Approved
12/30/2004	1	HR Drafter	Sent for Approval
12/30/2004	1	CITY ATTORNEY	Reviewed and Approved
12/30/2004	1	HR Drafter	Sent to Clerk's Office for Council
12/29/2004	1	EBOCO Reviewer	Reviewed and Approved
12/29/2004	1	ODI DIRECTOR	Reviewed and Approved
12/29/2004	1	HR Drafter	Sent for Approval
12/29/2004	1	HR Drafter	Sent for Approval
12/29/2004	1	FINANCE DIRECTOR	Reviewed and Approved
12/27/2004	1	HR Drafter	Sent for Approval
12/27/2004	1	Finance Reviewer	Reviewed and Approved
12/27/2004	1	HR Drafter	Sent for Approval
12/27/2004	1	HR Drafter	Sent for Approval
12/22/2004	1	HR DIRECTOR	Reviewed and Approved
12/21/2004	1	HR Drafter	Sent for Approval

Explanation
BACKGROUND: As a result of a Request For Proposal process in accordance with Section 329.14 of the Columbus City Codes, six life insurance bid responses were reviewed by the City's Evaluation Committee, comprised of five members.

Each proposal was evaluated on the following criteria as requested by section 329.14: competency to perform, quality and feasibility of the offerors technical proposal, ability to perform the required service competently, past performance, and the cost structure of the proposal. Standard Insurance is recommended as the life insurance plan administrator. Standard Insurance quoted a fully insured three year guaranteed rate of $.160 per $1,000 volume, effective until January 31, 200 renewable annually. Standard Insurance offers the ability to duplicate negotiated benefits.

Contract Compliance number: 93-0242990

To maintain insurance programs in accordance with the negotiated labor contracts, additional funding of the life insurance program is necessary to insure continuation of employee insurance coverage. Cost estimates were based on 2003-04 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.

Title
To authorize the Human Resources Director to enter into a contract with Standard Insurance to provide all eligible employees life insurance coverage from February 1, 2005, through January 31, 2006, and to authorize the expenditure of $949,520.00 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. ($949,520.00)

Body
WHEREAS, it is in the best interest of the City of Columbus to enter into a contract with Standard Insurance to provide all eligible employees life insurance from February 1, 2005 through January 31, 2006; and

WHEREAS, it is necessary to authorize the expenditure of up to $949,520.00, or so much t...