Common Contracts
1 similar Annual Contract contracts
ContractAnnual Contract • September 15th, 2021
Purchasing Notes Event #8669 Title: Other Post Employee Benefits Cost: $1,379,297.00 Type of Procurement: Sole Source Annual Contract ☒Annual Maintenance Agreement ☐ One Time Purchase ☐ Contract Term (If Applicable)Contract term expires on December 31, 2022 S/DBE (If Applicable)N/A Matrix (If Applicable)N/A Notes Recom m end approval to award an annual contract for Other Post Em ployee Benefits to United Hea lth care in the am ount of $1,379,297.The Hum an Resources Departm ent will use th is contract to provide a group Med ica re Ad va ntage Plan with Part D coverage for the City of Sa van nah retirees over age 65 and the ir spouses who are Medicare prim ary. Changes in governm ental accounting standards requ ire recogn izing the cost of post-em p lo ym ent benefits over the working career of an em ployee. In order to reduce this liab ility while m a in ta in ing retiree m edical benefits, the best solution is a group-sponsored fu lly insured Med ica re Advantage Plan. The City ofSava
