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|October 28, 2021 City Council Regular Meeting|
28. Authorize the City Manager to Execute a Contract for Employee Short-Term Disability Benefits with Lincoln Financial Group at No Cost to the City. The Human Resources Department offers eligible employees and dependents access to voluntary short-term disability insurance coverage. The estimated premium is paid 100% by members who are enrolled in the insurance coverage.
Recommend approval to award an annual contract for employee short-term disability benefits to Lincoln Financial Group with no cost to the City of Savannah.
The Human Resources Department offers eligible employees and dependents access to voluntary short-term disability insurance coverage. The estimated premium is paid 100% by members who are enrolled in the insurance coverage. There is no cost to the City of Savannah for this service and USI Insurance Services manages the enrollment, billing, customer service and claims submission for all voluntary worksite benefits. There are 274 employees enrolled in the short-term disability plan.
This RFP was facilitated by USI Insurance Services on behalf of the City of Savannah. USI Insurance Services is the City’s employee benefits consultant that negotiates, oversees and advertises the City’s benefits contracts. This RFP was sent out to nine proposers with four proposers responding.
The bid was advertised, opened and reviewed. The contract term expires on December 31, 2022. This contract also includes three available annual renewal options and two extensions. Delivery: As needed. Terms: Net 30 days. The bidders were:
B.P. Lincoln Financial Group (150 North Radnor Chester Road, Radnor, PA 19087)(D) $No Cost
Guardian Life Insurance Company of America (10 Hudson Yards, New York, NY 10001) (D)
Hartford Financial Services Group, Inc (690 Asylum Avenue, Hartford, CT 06155)(D)
The Standard Insurance Company (1100 Southwest Sixth Avenue, Portland, OR 97204)(D)
A pre-proposal conference was not conducted. (D) Indicates non-local, non-DBE business. Recommend approval.
Jeff Grant, Human Resources Senior Director
No Cost to the City
Exhibit 1- Funding Verification - Short-Term Disability Benefits.pdf
Exhibit 2- Purchasing Notes - Short-Term Disability Benefits.pdf