Broward County Commission Regular Meeting
Director's Name: George Tablack
Department: Finance and Administrative Services Division: Human Resources
Information
Requested Action
title
MOTION TO APPROVE Second Amendment to Agreement between Broward County and Standard Insurance Company, for Group Life and Related Insurance for Broward County Employees, RFP No. GEN2117791P1, increasing the premium rates by 7% and exercising the Second Renewal Term commencing January 1, 2023, and ending December 31, 2024; and authorize the Mayor and Clerk to execute same.
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Why Action is Necessary
In accordance with the Broward County Procurement Code, Section 21.47.a.3, Board approval is required to execute an amendment to a contract with a cumulative value that exceeds $500,000.
What Action Accomplishes
Amends the Agreement to modify the premium rates for the second year of the First Renewal Term (January 1, 2022 to December 31, 2023) and to exercise the Second Renewal Term (January 1, 2024 to December 31, 2024).
Is this Action Goal Related
No
Previous Action Taken
None.
Summary Explanation/Background
THE FINANCE AND ADMINISTRATIVE SERVICES DEPARTMENT AND THE HUMAN RESOURCES DIVISION RECOMMEND APPROVAL OF THE ABOVE MOTION.
To prepare for calendar/plan year 2023, staff seeks Board approval to renew the Agreement for group life and related insurance for Broward County employees and retirees. This Agreement provides benefit-eligible employees with County-paid $25,000 term life and accidental death and dismemberment insurance upon hire. In addition, the County offers voluntary optional life and accidental death and dismemberment insurance for benefit-eligible employees, retirees and insured dependents; and felonious assault and hazardous occupation insurance as required by the applicable Collective Bargaining Agreements.
On October 22, 2019 (Item No.15), the Board approved the Agreement between Broward County and Standard Insurance Company for Group Life and...
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