PILLAR: Fiscally Sound
AGENDA DATE: June 24, 2026
COUNCIL DISTRICT(S): N/A
DEPARTMENT: Office of Procurement Services
PRIORITY: Government Efficiency
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SUBJECT
Title
Authorize (1) a three-year service contract for the period June 24, 2026 through June 23, 2029, with two one-year renewal options, for City paid basic life insurance and the administration of grandfathered life insurance policies for the Department of Human Resources - Standard Insurance Company; (2) a three-year service contract for the period June 24, 2026 through June 23, 2029, with two one-year renewal options, for voluntary benefits - Standard Insurance Company; (3) a three-year service contract for the period June 24, 2026 through June 23, 2029, with two one-year renewal options, for financial wellness and pet insurance - Metlife Pet Insurance Solutions, LLC; and (4) a three-year service contract for the period June 24, 2026 through June 23, 2029, with two one-year renewal options, for legal services - Metlife Legal Plans, Inc., most advantageous proposers of twelve - Not to exceed $2,925,466 - Financing: HR Agency Funds ($2,542,743) and City Employee Basic Life Insurance Fund ($382,723) Employee Benefits Funds (subject to annual appropriations) (see Fiscal Information)
Body
BACKGROUND
This action does not encumber funds; the purpose of these agreements is to establish firm pricing for services, for a specific term, which are ordered on an as needed basis
These service contracts will provide for City paid basic life insurance and the administration of grandfathered life insurance policies and employee paid voluntary benefits for the Department of Human Resources. Basic life insurance is provided to full-time employees working 40 hours a week and services to provide administration and support for approximately 2,500 grandfathered self-funded life policies with an average policy amount of $2,500.00.
The following volun...
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