Narrative of Resolution:
title
To Modify Resolution #386-24 by changing the amount from $844,380 per year to $1,465,774 per year.
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body
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RESOLUTION INTRODUCED BY THE EXECUTIVE COMMITTEE TO MODIFY RESOLUTION #386-24 CHANGING THE AMOUNT FROM $844,380 TO $1,465,774
WHEREAS, Resolution #386-24 was approved by the Sullivan County Legislature on 7/25/2024, authorizing execution of an agreement with Public Employer Risk Management Association (PERMA), with an address of PO Box 12250, Albany, New York 12212, to administer the County's Self-Funded Workers' Compensation Program;
WHEREAS, said PERMA agreement was effective for the period January 1, 2025 through December 31, 2025, with the option to extend for an additional two (2) years on a yearly basis at a cost of $105,000 for year one; $90,000 for year two, $65,000 for year three for tail claims administration, a one-time data conversion fee of $7,500 and $844,380 per year, in administrative costs, which includes legal fees, nurse case management fees, catastrophic insurance coverage, actuarial service, apportionment calculation report, comprehensive risk management and loss control services; and
WHEREAS, original administrative costs as aforementioned did not include a deferment amount of $374,503 to be paid in fiscal year 2026, for a total of $1,465,774. Additionally, it will include contributions for the 1/1/2025-12/31/2025 coverage document, WCB assessment escrow, tail administration fee, one-time data transfer fee, and the NYS Assessment fee of $134,391 required by law.
NOW, THEREFORE, BE IT RESOLVED that the County Manager is authorized to sign a modification agreement amending the administrative costs for Public Employer Risk Management Association (PERMA) from $844,380 per year to...
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