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<br /> <br /> <br /> <br /> <br /> <br /> ~~cation <br /> <br /> <br /> CITY ~~JNIL C~~RlC 0~ YN~ ~oI~N~l~ ~S~ ONLY <br /> EET~h~~ DA~~ September 1~ , ~.9 ~ ~ <br /> A~EI~~NTS ~oR EMPLOYEE A~ Recornme~ded <br /> ~'1T~E <br /> A A~e~de~ see M~~~e) <br /> LT~'~, AD&D AND LoN T~~I Ord ~nnee o~ ~ ~eadi~g <br /> ~ ~~d i~anee on end ~ead~~~ <br /> ~ i i <br /> DTSATLTTY TNS~ANCES a ~~~le~ent~~ Res~o~ut~on <br /> E <br /> ~ Set p~~~iC ~ea~ng Fot <br /> <br /> or~~~~~e ~ ~o: <br /> <br /> k <br /> } ~ iYLl~~~~I~S~+ <br /> _ I <br /> L.ri 1 ~ ~~~~~1 <br /> R~~I~MEN~~D ~~'ION <br /> D~.rect the Attorney to prepare and author~.ze the Ma~vr and <br /> Clem the Council to e~eoute agreements with the ~~rm o~ <br /> Provident Life in the amount o~ Tag , ~ 7 7 and Standard Triu~an~ in <br /> the amount o 18 , ~ 13 , the ~.owet responsive bidders for Life and <br /> Accidental Death and D~.smember~tent end Long Term Disbi,lity <br /> Tnurance. <br /> Discussion <br /> Curren~.y, the City has ~ controt with Standard Tnsuranoe to <br /> provide Ll~e, Accidental Death and Dis~temberment and Long Term <br /> Disb~~.ity Tnsuranoe coverage for our emplo~tees, This dear <br /> Standard Tnsuranee had ~ro~osed ~ ir~orease ~.n i.r~suranoe premium <br /> rates at renewal, Since the present agreement exp~.res otober <br /> 1~~4, a formal bzd prooess was initiated this summer and proposa~.s <br /> were released on ~Tu~.~ ~4, x.994 , <br /> ~"ourteen carriers were sent the spe~.ications ad eight bide were <br /> recex~red. The ~l.dS were re~~.ewed b a four-member oamm~ttee <br /> oon~~rised ~ personnel Ser~l~e staff ~ The rrler were rated on <br /> their bilit~ to dup~,~.cate current and proposed benefits, oust of <br /> Cit~r--laid benefits, cost o~ e~mpl.o~ee~~aid be~ref~.ts, olaim <br /> administrat~.on and ~inar~cia~. stab'~.it~. <br />