93-26 Auth. a Contract with CVS Caremark for a Prescription Self Insurance Pgm..pdf

93-26 February 24, 2026 RESOLUTION AUTHORIZING AN AGREEMENT WITH CVS CAREMARK FOR EMPLOYEE PRESCRIPTION SELF-INSURED ADMINISTATIVE SERVICES WHEREAS, on or about April 1, 2026, the Township of West Orange Council authorizes the Township of West Orange (the "Township") to enter into a Contract as the Third-Party Administrator (''TPA") for the Township's Limited Self-Insured Prescription Benefit Program (the "Agreement") with CVS Caremark, P.O. Box 52116, Phoenix, Arizona, 85072 ("CVS"); and WHEREAS, the Township seeks to renew the Agreement with CVS Caremark for a one-year term (the "Term") from April 1, 2026 through March 31, 2027 (the "Amendment"); and WHEREAS, entering into an agreement with CVS Caremark, will result in a potential savings for the Township by contracting with Limited Self-Insured Prescription Benefit Program NOW, BE IT HEREBY RESOLVED BY THE TOWNSHIP COUNCIL OF THE TOWNSHIP OF WEST ORANGE, that the Township shall and hereby does authorize the Amendment, at the guaranteed rates set forth therein; and be it further RESOLVED, that the Chief Financial Officer be and is hereby authorized to execute all documents necessary to effectuate the Amendment; and be it further RESOLVED, that this Resolution shall be published and made available in the Clerk's Office for reasonable inspection in accordance with applicable law. Karen J. Carnevale, R.M.C., Municipal Clerk Susan Scarpa, Council President Adopted: February 24, 2026