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Home My WebLink AboutCORRESPONDENCE - RFP - P682Administrative Services Purchasing Division Jty of Fort Collins November 6, 2002 Todd Junker Sun Life Assurance Company of Canada 1401 171h Street Denver, CO 80202 Re: City of Fort Collins 98544, Group Office: Denver Dear Mr. Junker: The City of Fort Collins wishes to extend the agreement term per the existing terms and conditions and accepts the rate proposed in your letter dated July 29, 2002. The term will be extended for one (1) additional year, January 1, 2003 through December 31, 2003. If the renewal is acceptable to your firm, please sign this letter in the space provided and return it to the City of Fort Collins, Purchasing Division, P. O. Box 580, Fort Collins, CO 85022, within the next fifteen days. If this extension is not agreeable with your firm, we ask that you send us a written notice stating that you do not wish to renew the contract and state the reason for non -renewal. If you have any questions regarding this matter, please contact me at 221-6775. Sincerely, 9es B. O'Neill II, CPPO, FNIGP Director of Purchasing and Risk Management Encl: Renewal proposal Basic Life, ADD Renewal proposal Long Term Disability cc: Jerry Rueschhoff, William M. Mercer Incorporated Vincent Pascale, City of Fort Collins Benefits Administrator it &a Signature Date (Please indicate your desire to renew City of Fort Collins 98544, Group Office: Denver by signing this letter and returning it to Purchasing Division within the next fifteen days.) 215 North Mason Street • 2nd Floor • P.O. Box 580 • Fort Collins, CO 80522-0580 • (970) 221-6775 • FAX (970) 221-6707 Renewal Proposal For City of Fort Collins Group Number — 98544 Effective 01/01/2003 Benefit Basic Employee Life Basic AD&D Eligible Employees 11449 1,797 Volume $65,731,928 $95,398,287 Rate Basis per $1,000 volume per $1,000 volume Current Rate $0.170 $0.040 Current Annual Premium $134,093 $45,791 Renewal Rate $0.200 $0.040 Estimated Renewal Premium $157,757 $45,791 Guarantee 24 months 24 months Comments: • Optional Dependent Life rates remain unchanged. • Employee Optional Life rates remain unchanged. • Assist America: offering on the following page. Authorized signature required. • This renewal includes the addition of global travel assistance provided by Assist America for all non - retired employees and their dependents. Assist America's medical and personal emergency assistance is available to employees traveling 100 or more miles away from home. Should an employee or a family member become ill, have an accident or need other assistance covered under the program, with one simple phone call he or she can access proper medical care anywhere in the world. Unless you indicate otherwise, your signature verifies that you have accepted global travel assistance services. For Sun Life Assurance Company of Canada to process this renewal in a timely manner, please sign this form and return it to me by December 17, 2002. If renewal alternatives are elected, or if there are any changes to the underlying plan's benefit structure, please have the policyholder sign and return this form. Otherwise, your signature as broker is the only signature required. Authorized Signature Date JAMS B O'NEILL II PPO FNIGP DIRECTOR OF PURCHASING AND RISK MANAGEMENT Name (Printed) Title Underwriter: Brian Lynch SLPC7157 7/01 Sun Life Assurance Company of Canada is a member of the Sun Life Financial group of companies. www.sunlife-usa.com Renewal Proposal For City of Fort Collins Group Number — 98544 Effective 01/01/2003 For Sun Life Assurance Company of Canada to process this renewal in a timely manner, please sign this form and return it to me by December 17, 2002. If renewal alternatives are elected, or if there are any changes to the underlying plan's benefit structure, please have the policyholder sign and return this form. Otherwise, your signature as broker is the only signature required. Authorized Signature Name (Printed) Underwriter: Brian Lynch Date Title SLPC7157 7/01 Sun Life Assurance Company of Canada is a member of the Sun Life Financial group of companies. www.sunlife-usa.com Benefit Eligible Employees Volume Rate Basis Current Rate Current Annual Premium Renewal Rate Estimated Renewal Premium Guarantee Renewal Proposal For City of Fort Collins Group Number — 98544 Effective 01/01/2003 Long Term Disability 1,079 $4,327,761 % eligible payroll 0.640% $332,372 0.790% $410,272 24 months Comments: • Your Long Term Disability rate is increasing 23% due to the incurred loss ratio of 128%, compared to target loss ratio of 80%. Please see the enclosed experience exhibit. • Change the Benefit percentage to 60% at a revised rate of .640%. For Sun Life Assurance Company of Canada to process this renewal in a timely manner, please sign this form and return it to me by December 17, 2002. If renewal alternatives are elected, or if there are any changes to the underlying plan's benefit structure, please have the policyholder sign and return this form. Otherwise, your signature as broker is the only signature required. Q�>� L o /zg--L-a Authorized Signature JAMES B. O'NEILL II, CPPO, FNIGP Name (Printed) Underwriter: Brian Lynch Date DIRECTOR OF PURCHASING AND RISK MANAGEMENT Title SLPC7157 7/01 Sun Life Assurance Company of Canada is a member of the Sun Life Financial group of companies. www ca nlira_neu rnm