|
Employee Group
<br />August 5, 2014
<br />Page 5
<br />FISCAL IMPACT
<br />Insurance Renewals
<br />The annual cost of each plan may vary depending on changes in the number of employees
<br />enrolled during the year. The projected annual costs are calculated using current enrollment as of
<br />July 2014.
<br />Coverage for POA (Sworn and Non - Sworn)
<br />*City administered insurance
<br />Funds in the amount of $6,317,081 are budgeted and available in the Personnel Services
<br />Employee Benefits account (account no. 08109053- 64010) to pay for City administered insurance
<br />coverage *. Funds in the amount of $8,012,196 are budgeted and available in the Employee
<br />Benefits account (account no. 08109053 - 64010) to pay for the insurance coverage administered
<br />by the POA. The total budgeted amount of $14,329,277 is available in Fiscal Year 2014 -2015.
<br />The balance will be budgeted in Fiscal Year 2015 -2016.
<br />Edward S. Raya
<br />Executive Director
<br />Personnel Services
<br />APPROVED AS TO FUNDS AND ACCOUNTS:
<br />Francisco Gutierrez
<br />Executive Director
<br />Finance & Management Services Agency„
<br />25A -5
<br />CY 2014
<br />CY 2015
<br />Difference
<br />Aetna Life*
<br />$
<br />14,640
<br />$ 14,640
<br />$
<br />0
<br />POA LTD Insurance
<br />$
<br />399,072
<br />$ 396,000
<br />$ -
<br />3,072
<br />POA Dental
<br />$
<br />540,000
<br />$ 540,000
<br />$
<br />0
<br />POA Medical
<br />$
<br />7,075,320
<br />$ 7,074,000
<br />$ -
<br />1,320
<br />REACH (EAP Provider)*
<br />$
<br />11,100
<br />$ 11,100
<br />$
<br />0
<br />Total Annual Cost
<br />$
<br />8,040,132
<br />$ 8,035,740
<br />$ -
<br />4,392
<br />Coverage for SEIU,
<br />CASA, SAMA, EM, PMA & PTCS (City Administers)
<br />CY 2014
<br />CY 2015
<br />Difference
<br />Aetna Life /LTD Insurance*
<br />$
<br />114,316
<br />$ 115,788
<br />$
<br />1,472
<br />Dental Carriers*
<br />$
<br />335,699
<br />$ 350,904
<br />$
<br />15,205
<br />CalPERS Medical*
<br />$
<br />5,595,732
<br />$ 6,029,148
<br />$
<br />433,416
<br />REACH (EAP Provider)*
<br />$
<br />23,310
<br />$ 17,784
<br />$ -
<br />5,526
<br />Total Annual Cost
<br />$
<br />6,069,057
<br />$ 6,513,624
<br />$
<br />444,567
<br />*City administered insurance
<br />Funds in the amount of $6,317,081 are budgeted and available in the Personnel Services
<br />Employee Benefits account (account no. 08109053- 64010) to pay for City administered insurance
<br />coverage *. Funds in the amount of $8,012,196 are budgeted and available in the Employee
<br />Benefits account (account no. 08109053 - 64010) to pay for the insurance coverage administered
<br />by the POA. The total budgeted amount of $14,329,277 is available in Fiscal Year 2014 -2015.
<br />The balance will be budgeted in Fiscal Year 2015 -2016.
<br />Edward S. Raya
<br />Executive Director
<br />Personnel Services
<br />APPROVED AS TO FUNDS AND ACCOUNTS:
<br />Francisco Gutierrez
<br />Executive Director
<br />Finance & Management Services Agency„
<br />25A -5
<br />
|