Title
Buy-Up Voluntary Vision Plan - RFP HR 20-108 - Amendment (Ordinance S-52235) - Citywide
Description
Request to authorize the City Manager, or his designee, to execute an amendment to Contract 152983 with Metropolitan Life Insurance Company dba MetLife to extend contract term. Further request to authorize the City Controller to disburse all funds related to this item. No additional funds are needed; request to continue using Ordinance S-46807.
Report
Summary
This contract will provide optional vision insurance that employees may elect. The premiums are fully paid by the employee through payroll deduction. It may be desired by employees who do not enroll in the medical plans that include vision coverage, or it can be used as a supplemental benefit by employees enrolled in the medical plans.
Contract Term
Upon approval, the contract will be extended through December 31, 2026.
Financial Impact
The aggregate value of the contract will not exceed $15,000,000, and no additional funds are needed.
Concurrence/Previous Council Action
The City Council previously reviewed this request:
- Buy-Up Voluntary Vision Plan - Contract 152983 (Ordinance S-46807) June 24, 2020.
Department
Responsible Department
This item is submitted by Deputy City Manager David Mathews and the Human Resources Department.