HomeMy WebLinkAboutSTANDARD INSURANCE CO. (3)REQUEST FOR
COUNCIL ACTION
CITY COUNCIL OCTOBER R 2 1 199
MEETING DATE
EMPLOYEE GROUP INSURANCE
TITLE
RENEWALS
ctr it
CLERK OF THE COUNCIL USE ONLY
Approved
.� As Recommended
As Amended {see i s
Ordinance ors ist Reading
Ord i nance on 2nd Reading
implementing entin Resolution
Set Public Headng For
Continued to:
r
FILE NUMBER(S):
RECOMMENDED ACTION
Direct City to prepare and authorize the Mayor and
for
Clef of the council t execute renewal agreements Employee
Group Insurance and Employee Assistance Program commencing octo er
1995.
DISCUSSION
The ` employee group benefit agreements for life insurance,
City 'S employ assistance program
- ter disability insurance an the employee
long
resew annually on October 21 1995, the insurance carriers are as
follows:
-
Provident Life Insurance: Life, AD&D Insurance
�-
standard Life Insurance Cman�: Long-em
Disability Insurance
Li eLink Plus AP* Employee Assistance Program
Last year Provident ent Li a Insurance became our carrier for employee
group le insurance e and accidental death and i s e t erg ent
• offering reduced insurance rates, The premiums for
insurance
contract year 1995...96 remain unchanged.
Type of Insurance Coat
Life $,18/$11000
Accidental Death & Dismemberment $,03/$11000
025 Z5A
EMPLOYEE GROUP INSURANCE RENEWALS
OCTOBER 21 1995
PAGE TWO OF TWO.
Standard Insurance Company, our long-term insurance
carrier, increased rates by 10,0o,, due to utilization and claims
experience b�_ . past year. The cost i shared y h City and
employee in accordance with resoluti