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 2008-09 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 contract is for a three-year period, subject to annual appropriation; this ordinance represents the third renewal option.
Contract compliance number is 31-0725743.
FISCAL IMPACT: To modify and extend the existing contract with Vision Service Plan to establish the maximum obligation liability, and to authorize the expenditure of $1,097,000 for vision plan administration services from February 1, 2010 through January 31, 2011. Funding is available in the 2010 budget for this contract. This ordinance is an emergency measure to ensure continued insurance coverage as negotiated by union contracts. This ordinance is an emergency measure to ensure insurance coverage as negotiated by union contract. The current contract expires January 31, 2009. ($1,097,000)
Title
To authorize the Human Resources Director to modify and extend the existing contract with Vision Service Plan to provide all eligible employees vision insurance coverage from February 1, 2010 through January 31, 2011 and to authorize the expenditure of $1,097,000 from the Employee Benefits Fund, or so much thereof as may be necessary to pay the costs of said contract; and to declare and emergency. ($1,097,000)
Body
WHEREAS, it is in the best interest of the City of Columbus to modify and extend the existing contract with Vision Service Plan to provide all eligible employees vision insurance from February 1, 2010 through January 31, 2011; and
WHEREAS, it is necessary to authorize the expenditure of up to $1,097,000 or so much thereof as may be neces...
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