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HomeMy WebLinkAboutItem 10 - Vision InsuranceMEMO TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL FROM: BRUNO RUMBELOW, CITY MANAGER MEETING DATE: JULY 1, 2025 SUBJECT: APPROVAL OF CONTRACT RENEWAL WITH VSP FOR VISION INSURANCE PLAN RECOMMENDATION: City Council to consider approval to renew contract for vision insurance with VSP.. FUNDING SOURCE: Funds are available in the General Fund (Human Resources) in the estimated annual amount of $156,000. BACKGROUND: The City offers vision insurance to all benefit -eligible, active and retired employees, and their eligible dependents. The plan is currently with VSP, and they have offered a renewal with no rate increase. VSP has the largest network of independent providers and more than 40,000 retail locations. VSP has agreed to a two-year contract with no rate increase.