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New Business   J.
City Council Meeting
2020 BWC Group Rating Discount Program
Council Committee Review?:
Council Work Session
Date(s) of Committee Review:
Agenda Item Description or Legislation Title
A Resolution Authorizing The City Manager To Participate In The Ohio Association Of Public Treasurers 2020 Workers’ Compensation Group Experience Rating Program Administered By CompManagement Inc.
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 up front 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.
Source of Funds:
Recurring Cost? (Yes/No):
Funds Available in Current Budget? (Yes/No):
The CompManagment fee for the new policy year is $7,180. The estimated cost for the 2020 BWC premium is $199,203.
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