Repository: UIHistories Project: Board of Trustees Minutes - 1956 [PAGE 458]

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1955]

UNIVERSITY OF ILLINOIS

455

Present Rate Bids in Order of Agents Above Student Rate 1 2 3 4 ; 19 weeks individual rate $ 6 80 $ 6 43 $6 46 $ 6 41 $ 9 86 £13 81 8 weeks individual rate 2 85 2 72 2 70 2 69 415 6 30 19 weeks family rate 1075 10 71 1 0 2 4 10 13 14 11 3723 Faculty-Staff (Annual Rates) Employee 2374 2900 2997 5479 33 84 1 80 64* Married Couple 47 48 54 00 59 94 123 86 96 30 140 16 Family 6014 6 4 5 0 7492 15223 13756 21060 The lowest overall cost to the University would result from awarding of a contract to the Continental Casualty Company represented by George B. Franks of Champaign, present carrier and agent respectively of the two plans, rather than awarding separate contracts for the student and staff plans since Continental Casualty Company will not accept a contract for the staff insurance alone. It is apparent that most companies are in a better position to bid on the total program rather than on the two plans separately and that accepting the company offering the lowest total cost for the two plans represents the best buy for the University. It is recommended that a contract for both the student and staff coverage be awarded to Continental Casualty Company represented by George B. Franks, Champaign, lowest bidder for both programs at $373,309.90, as per Board policy C, 3 on insurance, and that charges to students and staff for this insurance be for the following amounts (present rates are shown in parenthesis): Students Per Semester Per Year Student only J7 00 (J 7 00) £21 00 (£21 00) Student and family 19 00 ( 1 9 00) 57 00 ( 57 00) QuarSemiFaculty-Staff Monthly terly Annual Annual Employee only £275 $ 7 75 $15 25 £3025 (£2500) Employee and one dependent.. . g 00 14 go 28 7g 57 25 ( 50 00) Employee and two or more dependents g 7g 16 75 33 25 66 25 ( 6 2 00) On the basis of these rates, the plans will operate on a self-sustaining basis. The excess over the cost of the coverage would be used by the University to defray the administrative costs of the two programs.

On motion of Mr. Livingston, this recommendation was approved and the Comptroller and the Secretary of the Board were authorized to execute the contract.

PURCHASES (24) The Director of Purchases has proposed and the Comptroller recommends the following purchases. Unless otherwise specified, the purchase in each case is recommended on the basis of lowest bid. I concur.

Item Publication of weekly newspaper Pier mini" beginning September l : ^955, through June 30, 1956, consistmg of twenty-two eight-page issues of 4,000 copies each and four twelve-page issues of 4,000 copies each; this will be paid from student activity fees income Binding for libraries at Urbana for a two-year period beginning July 1, J'55 "mting and binding 800 copies of uoclnne for the Lady of the Renaissanci by Assistant Professor Emerita Kuth Kelso 'Female rate $51.18. female rate $89.37. Department Dean of Men, Chicago Undergraduate Division Vendor Garfieldian Publications, Chicago Cost #8 325 38

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