Number
231440
Version
SUBSTITUTE 1
Reference
180380
Sponsor
THE CHAIR
Title
Substitute resolution authorizing the Department of Employee Relations to extend the current contract for the City's Affordable Care Act Reporting.
Analysis
This resolution authorizes the Department of Employee Relations (DER) to extend the current contract with Equifax Workforce Solutions LLC, formerly Health E(fx), for three years.
Body
Whereas, The City is required to comply with various aspects of the Affordable Care Act (ACA) regulations including reporting requirements regarding members who receive health benefits during a calendar year; and
Whereas, The City is required to monitor and track health benefits coverage for members and dependents annually; and
Whereas, The City is required to annually issue required IRS forms to the member and the IRS; and
Whereas Equifax Workforce Solutions LLC understands the complexities of managing ACA compliance and reporting for organizations that have self-administered health benefit plans and a multifaceted workforce; and
Whereas, Equifax Workforce Solutions LLC is a valuable partner in assisting the City with ACA reporting challenges and continues to provide exceptional service; and
Whereas, The current contract with Equifax Workforce Solutions LLC ends December 31, 2024 and has Equifax Workforce Solutions LLC agreed to flat administration fees for the duration of the contract extension; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee that the DER is authorized to extend the current contract with Equifax Workforce Solutions LLC for three years until December 31, 2027.
Requester
Drafter
Molly King
1/10/2025