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TO: |
Board of Trustees |
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THROUGH: |
Jay Fox, Executive Director |
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FROM: |
Ann Green-Barton, Director of Total Rewards |
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PRESENTER(S): |
Kim Shanklin, Chief People Officer |
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Ann Green-Barton, Director of Total Rewards |
TITLE:
title
R2023-04-02 - Resolution Authorizing Continuation of Specific Employee Paid Benefit Programs through April 30, 2024
end
AGENDA ITEM TYPE:
Resolution
RECOMMENDATION:
Adopt Resolution R2023-04-02 authorizing the Chief People Officer (CPO) to sign non-procurement agreements with benefit providers for programs or services for the benefit year beginning May 1, 2023 ending April 30, 2024, which are generally 100% paid by the employee and require no expenditure of public funds, make no commitment on the part of UTA regarding cost, product or service endorsement, or level of participation, are deemed to be of value to a significant number of UTA employees, and are consistent with the employee paid benefit programs provided by other similar organizations.
BACKGROUND:
UTA offers several voluntary benefits where the premiums are generally 100% funded by UTA employees. These products were identified as valuable benefit offerings through UTA’s benefit consultant group, GBS. These products are provided at a minimal cost to UTA and help enrich the benefit offerings.
DISCUSSION:
Because these products are evaluated yearly, UTA is asking the Board to authorize the CPO, after legal review, to sign the non-procurement agreement to continue benefit offerings for the period of time beginning May 1, 2023 through April 30, 2024. The authorization would only allow the CPO to sign agreements that meet the above criteria. In the one case of the medical flexible spending, there may be a minimal cost to UTA when an employee terminates from UTA prior to contributing the entire elected amount, however this is rare.
ALTERNATIVES:
Present the non-procurement agreements to the board individually for authorization or stop offering these benefits.
FISCAL IMPACT:
There is de minimus fiscal impact to UTA. The benefits are in most cases wholly or substantially employee funded.
ATTACHMENTS:
Resolution R2023-04-02