City of San Antonio - File #: 15-1931

• File #: 15-1931
• Type: Miscellaneous Item
• In control: City Council A Session
• On agenda: 3/12/2015
• Posting Language: An Ordinance authorizing an amendment to the existing contract with Buck Consultants, LLC, to extend the term of the contract for an amount up to $275,000.00 beginning June 19, 2015 through December 31, 2015; and amending the contract to allow for continued services to include actuarial analysis, cost analysis, and review of active and retired civilian medical plan designs. [Ben Gorzell, Jr., Chief Financial Officer; Lori Steward, Interim Director Human Resources]
• Indexes: Employee Benefits
• Related files: 14-1425

Date	Ver.	Action By	Action	Result
3/12/2015	1	City Council A Session

DEPARTMENT: Human Resources


DEPARTMENT HEAD: Lori Steward, Interim Human Resources Director


COUNCIL DISTRICTS IMPACTED: Citywide


SUBJECT:

Employee Benefits Consulting Contract


SUMMARY:

This ordinance authorizes the City Manager or her designee to execute an amendment extending the term of the contract with Buck Consultants, LLC, for Employee Benefit Consulting Services for an amount up to $275,000 from June 19, 2015 to December 31, 2015. The Benefits consultant services will include actuarial valuation analysis, cost analysis, validation studies for plan design changes, and the development of strategies to effectively control costs while maximizing benefits, for all active and retired civilian employees and their eligible dependents. This ordinance also includes funding for assistance developing a request for proposal for third party administration services.


BACKGROUND INFORMATION:

Buck Consultants, LLC was contracted to provide benefits consulting services for active and retired civilian employees for a one-year period from June, 2014 to June, 2015. This amendment will extend the terms of the contract through the end of calendar year 2015 and align the contract term with the benefit plan year.

Benefit consulting services will include actuarial valuation analysis, cost analysis, validation studies for plan design changes, and development of strategies to effectively control costs while maximizing benefits. Buck consultants will also assist with the development of the request for proposal for third party administration services. The Human Resources Department recommends extending the Benefit Plan Consulting contract to Buck Consultants LLC, from June 19, 2015 through December 31, 2015 as these services are an integral part of the annual budget process and legal compliance for the delivery of the employee benefits plans.


ISSUE:

This Ordinance will execute a contract with Buck Consultants, LLC, authorizing an expend...