Retirement Health Savings Program Recordkeeping Administration and Claims Processing Services

The Vendor is required to provide for a company to provide recordkeeping, administration, and claims processing for the city retirement health savings program.
- All full-time employees participate in the Plan which is intended to provide retirees with reimbursement for out-of-pocket qualified medical expenses.
- The Plan consists of two separate plans. 
- Participants in the Hybrid program are rolled into a separate plan upon retirement to facilitate their post-retirement contributions. 
- All participants in the Plan are part of collectively bargained employee groups except for those employees classified as Key & Management.
- There are currently 19 core investment options and a full suite of target date funds available for contribution.
- Provide comprehensive education on the Plan and any changes to services, procedures or policies.
- This report shall include current data on the Plan’s financials, participation levels, and the status of the delivery of plan services.
- This plan should detail the approach your company will take in the upcoming year to communicate the Plan to the participants and describes the communication materials to be prepared (including investment allocation documents tailored to the City), the frequency with which these materials will be distributed, and the distribution methods.

- Contract Period/Term: 3 years
- Questions/Inquires Deadline: October 14, 2025