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REQUEST FOR <br />COUNCIL ACTION <br />CITY COUNCIL MEETING DATE: <br />SEPTEMBER 3, 2013 <br />TITLE: <br />EMPLOYEE GROUP INSURANCE <br />RENEWALS <br />MANAGER <br />RECOMMENDED ACTION <br />CLERK OF COUNCIL USE ONLY: <br />F-11 W W 4111 <br />❑ <br />As Recommended <br />❑ <br />As Amended <br />❑ <br />Ordinance on 1" Reading <br />❑ <br />Ordinance on 2 "d Reading <br />❑ <br />Implementing Resolution <br />❑ <br />Set Public Hearing For <br />CONTINUED <br />TO <br />M11154ZtmrrO <br />Authorize the City Attorney to prepare and authorize the City Manager and Clerk of the Council to <br />execute agreements for long term disability, medical, dental, vision, employee assistance, <br />employee group life and accidental death and dismemberment insurance, subject to non - <br />substantive changes approved by the City Manager and City Attorney. <br />DISCUSSION <br />The City's employee group benefit policies, contracts and agreements are renewed annually on <br />January 1. Currently the City provides life and accidental death & dismemberment (AD &D) <br />coverage and long -term disability (LTD) insurance through Aetna for full -time employees. We are <br />currently in the third year of a three -year rate guarantee for the Life, AD &D and LTD rates through <br />December 31, 2014. <br />Life Insurance <br />Insurance Coverage <br />Current Insurance <br />Insurance <br />Percent Change <br />Rate <br />Renewal Rate <br />Life Insurance <br />$0.102 per $1000 <br />$0.102 per $1000 <br />0.0% <br />Accidental Death & <br />$0.020 per $1000 <br />$0.020 per $1000 <br />0.0% <br />Dismemberment <br />2501-1 <br />