Submitted By
Kira Tchang, Assistant Village Manager/HR Director
Reviewed By
Click here to enter text.
Agenda Item Title
Title
A Resolution Approving the Renewal of a Professional Services Agreement with PMA Management Corp. to Provide Third Party Administrator (TPA) Services for the Village's Workers Compensation Program for a Three Year Period in an Amount Not to Exceed $34,262.00 Annually, Authorizing its Execution and Waiving the Village's Bid Process for the Renewal
End
Overview
Overview
The Village seeks to renew the Professional Services Agreement previously approved by the Board of Trustees for the third party administrator (TPA) services for the Village's workers' compensation program. This vendor was selected following an RFP issued in 2017 and has provided strong TPA services including improved communication, reporting, online record management, and case resolution.
End
Recommendation
Recommendation
Adopt the Resolution.
Background
The Village released an RFP for TPA services in 2017 and received four responses. The Village Board approved and subsequently renewed Professional Services Agreements with PMA based on pricing, additional administrative tools, and a high level of service. The Village has had a positive experience working with PMA and has successfully settled a number of outstanding workers compensation claims, including longstanding claims over the past six years with PMA's support.
Fiscal Impact
The annual cost for a three (3) year contract is $34,262.00 per year. Funds are budgeted in the Self Insured Retention Fund External Support Account no. 6026.41071.101.530667.
DEI Impact
High quality TPA support for Workers Compensation benefits all employees and reduces risk and potential liability costs assocated with poor workers compensation claim management. High quality TPA services ensure
Alternatives
N/A
Previous Board Action
The Board previously approved a 3-year renewal on July 20, 2020.
Citizen Advisory Commission Acti...
Click here for full text