Explanation
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 includes 2010 budgeted amounts, employee premium contributions and COBRA premium deposits.
FISCAL IMPACT: Claims costs and administrative fees for 2010 are estimated at $106,950,221.00. A total of $106,950,221.00 is projected to be required for 2010. 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) $72,096,221.00
Occupational Health Clinic $ 250,000.00
Dental Plan $ 6,700,000.00
Drug Plan $23,057,000.00
Vision Plan $ 1,097,000.00
Life Plan $ 1,100,000.00
Disability Plan $ 2,650,000.00
TOTAL $106,950,221.00
Title
To make appropriations for the 12 months ending January 31, 2011 for the funding of the City employee insurance programs; and to declare an emergency. ($106,950,221.00)
Body
WHEREAS, an emergency exists in the usual daily operation of the City of Columbus in that it is immediately necessary to enter into a contract and to pay the associated contract costs to avoid interruption in necessary services for the preservation of 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, 2011, the following appropriations are her...
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