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AI-6316 Topics of Discussion     D.       
Council Work Session   
Meeting Date: 05/07/2019  
2020 BWC Group Rating Discount Program
Submitted By: Katie Knisley
Department: Human Resources  
Council Committee Review?:    Council Work Session
Date(s) of Committee Review:    05/07/2019
Audio-Visual Needs:    None
Emergency Legislation?:    No
Motion/Ordinance/
Resolution No.:   

Agenda Item Description or Legislation Title
2020 BWC Group Rating Discount Program
Purpose and Background
The City has been invited back to join the Group Experience Rating Program for 2020 through the Ohio Association of Public Treasurers Group.  This group program will guarantee an upfront discount on the City's Bureau of Workers' Compensation (BWC) premium for 2020.  This legislation authorizes the City Manager to enter into agreements with the Ohio Association of Public Treasurers and the City's Third Party Administrator, CompManagement, in order to control the City's exposure to risk and potentially reducing workers' compensation premiums.

Fiscal Impact
Source of Funds: Various Funds
Cost: N/A
Recurring Cost? (Yes/No): Yes
Funds Available in Current Budget? (Yes/No): N/A
Financial Implications:
The CompManagment fee for the new policy year is $7,180. The estimated cost for the 2020 BWC premium is $199,203.
Attachments
Resolution

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