Dept/ Agency: Administration/Division of Personnel Action: ( X ) Ratifying (X) Authorizing ( ) Amending Type of Service: Contract for Insurance Purpose: Enter into a contract for carrier provided Medicare Plan for all eligible retirees and their eligible dependents Entity Name: Aetna Life Insurance Company Entity Address: 1425 Union Meeting Road, P.O. Box 1445, Blue Bell, Pennsylvania 19422 Contract Amount: Estimated annual premium $4,057,641.60 (the actual cost is contingent upon actual enrollment) Funding Source: City of Newark 2013 Budget Contract Period: January 1, 2013 through December 31, 2013 Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( X ) EUS ( ) Fair & Open ( X ) No Reportable Contributions ( ) RFP ( ) RFQ ( ) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a Additional Information: Resolution: 7R1-w 062012