FINANCIAL_SERVICESAMENDED

City of Yonkers Board of Contract and Supply Agenda May 2026

Workers’ compensation TPA contract renewed with Lodestar

$595,000.00 increase under Amendment 1 (cumulative aggregate $1,190,000.00)City of YonkersLODESTAR CLAIMS & RISK SERVICES INCMay 5, 2026

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Description

Yonkers renewed and expanded its third-party administration contract for workers' compensation and 207A/207C programs with Lodestar Claims & Risk Services, Inc. under Amendment 1, adding $595,000 for the 07/01/2025–06/30/2026 term for a total of $1,190,000. The vendor previously operated as PMA Management Corp. d/b/a Lodestar Claims & Risk Services.

Contract Details

Contract Amount

$595,000.00 increase under Amendment 1 (cumulative aggregate $1,190,000.00)

Vendor

LODESTAR CLAIMS & RISK SERVICES INC

Agency

City of Yonkers, NY

Contract Type

FINANCIAL_SERVICES

Document Date

May 5, 2026

Contract Term

07/01/2025 – 06/30/2026 (first renewal term)

Renewal Date

2026-06-30

Renewal Info

First of two 12-month renewal options exercised at original pricing for the 07/01/2025–06/30/2026 term; one additional 12‑month renewal option remains.

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