Title
Ordinance No. 26-47 Amending Part 6 (Workers’ Compensation), Article 5 (Finance Management Procedures), Chapter 1 (Administration, Personnel and Finance) of the Code of the City of Colorado Springs 2001, as Amended, Pertaining to Workers’ Compensation Claims Management
Presenter:
John Hunter, Manager Financial Planning & Risk, Colorado Springs Utilities
Body
Summary:
Colorado Springs Utilities (Utilities) requests approval of amendments to Part 6, Article 5, Chapter 1 of the City Code pertaining to workers’ compensation claims management and administration of workers’ compensation reserve funds.
The City currently administers a workers’ compensation reserve fund on Utilities’ behalf. The proposed amendments would create two separate workers’ compensation reserve funds that would be independently administered by the City and Utilities. The ordinance also: (i) clarifies requirements related to reserve funding, claims administration, audits, and litigation, and (ii) aligns the Code with best practices for governance and workers’ compensation claims management.
Background:
Part 6, Article 5, Chapter 1 of the City Code governs the administration of workers’ compensation claims and reserve funds for the City and Utilities. During a review of workers’ compensation and self-insurance administration practices, staff identified provisions that appear to be a legacy from the period when Utilities operated as a City department and did not have its own Chief Financial Officer (CFO).
Previous Council Action:
N/A
Financial Implications:
The proposed amendments do not create new funding requirements.
City Council Appointed Board/Commission/Committee Recommendation:
N/A
Stakeholder Process:
The proposed amendments were developed through coordination among Colorado Springs Utilities Financial Planning and Risk, Utilities leadership, City of Colorado Springs’ staff and the City Attorney’s Office.
Alternatives:
If the proposed amendments ar...
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