Consider and take action on Resolution No. 18-045, authorizing the Mayor to enter into an agreement with Aon Risk Solutions, Inc. (Human Resources)

This year, the employee benefits committee requested proposals from qualified organizations for a contract for employee benefit plan brokerage and consulting services.  Four proposals were received and the committee reviewed those proposals based on experience, services, administering self-funded health plans, potential savings for employees as well as the city, etc.  The committee agreed to and interviewed three of the organizations that submitted proposals.  After completion of the review process, the committee selected Aon Risk Solutions, Inc. (Aon) as the best choice. 

Aon has over 70 years of experience in the health and benefits consulting world and state they can deliver unmatched resources due to their global reach.  Aon has stated they will make a difference for our city using their leverage with vendors, powerful tools and data to drive decisions and their public sector industry expertise.  They have 50,000 colleagues in 120 countries and empower results for clients using their proprietary data and analytics to deliver insights that can reduce volatility and improve performance.

Aon is so confident in their ability to save our plan a significant amount of money during a three year contract, they have boldly agreed to put $30,000 per year on the line if they do not deliver on those terms.

This agreement will go into effect between June 1, 2018 and July 1, 2018.

The annual cost will be $117,000 for insurance placement and employee benefit management services.