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25D - EMPLOYEE GROUP INSURANCE RENEWALS
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25D - EMPLOYEE GROUP INSURANCE RENEWALS
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Last modified
1/3/2012 4:17:28 PM
Creation date
7/28/2009 10:45:06 AM
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City Clerk
Doc Type
Agenda Packet
Item #
25D
Date
8/3/2009
Destruction Year
2014
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Employee Group Insurance Renewals <br />August 3, 2009 <br />Page 4 <br />FISCAL IMPACT <br />The annual cost of each plan may vary depending on changes in the number <br />of employees enrolled during the year. The projected annual costs are <br />calculated using current enrollment as of July 2009. <br /> 2009 2010 <br />AIG Life/LTD Insurance Co. $ 300,548 $ 229,722 <br />Dental Carriers $ 760,931 $ 608,066 <br />Ca1PERS Medical $ 9,773,436 $ 9,569,910 <br />REACH (EAP Provider) $ 34,410 $ 34,410 <br />Total Annual Cost $10,869,325 $10,442,108 <br />Difference <br />-$ 70,826 <br />-$ 152,865 <br />-$ 203,526 <br />$ 0 <br />-$ 427,217 <br />Funds in the amount of $10,442,108 are budgeted and available in the <br />Personnel Services Employee Benefits account (account no. 81-177-6521). <br />APPROVED AS TO FUNDS AND ACCOUNTS: <br />~ ~.~, <br />Kathie Gonzale <br />Executive Director <br />Personnel Services <br />Francisco Gutierrez <br />Executive Director <br />Finance & Management Services Agency <br />a ~ <br />25D-4 <br />
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