File #: ID 16-0042    Version: 1 Name:
Type: Resolution Status: Filed
File created: 1/13/2016 In control: Regular City Commission Meeting
On agenda: 1/20/2016 Final action: 1/20/2016
Title: APPROVING AN AGREEMENT WITH CIGNA FOR PROVISION OF LONG TERM DISABILITY, AND BASIC & VOLUNTARY TERM LIFE INSURANCE TO CITY OF MARGATE EMPLOYEES, ELECTED OFFICIALS, AND RETIREES; PROVIDING FOR NO REDUCTION OF BENEFITS FOR EMPLOYEES 70 YEARS OF AGE OR OLDER FOR LIFE INSURANCE.
Attachments: 1. RESOLUTION, 2. BACKGROUND - City of Margate - Disability Life Current-Class 1 Reduction, 3. BACKGROUND - City of Margate - Disability Life Proposal- No Class 1 Reduction

 

TO:                     Mayor and City Commission

 

FROM:                     Douglas E. Smith, City Manager

 

DATE:                     January 20, 2016

 

 

Title

APPROVING AN AGREEMENT WITH CIGNA FOR PROVISION OF LONG TERM DISABILITY, AND BASIC & VOLUNTARY TERM LIFE INSURANCE TO CITY OF MARGATE EMPLOYEES, ELECTED OFFICIALS, AND RETIREES; PROVIDING FOR NO REDUCTION OF BENEFITS FOR EMPLOYEES 70 YEARS OF AGE OR OLDER FOR LIFE INSURANCE.

 

Body

 

 

BACKGROUND:                                          The attached proposal for long term disability, and basic & voluntary life insurance is an amendment to the previous proposal provided to the City Commission. This amendment would provide for no reduction of benefits for Class 1 employees (see attached document) 70 years of age or older for life insurance.

 

 

RECOMMENDATION:                     For approval.                     

 

 

FISCAL IMPACT:                     Annual cost increase of approximately $2,000.

 

 

CONTACT PERSON:                     Jacqueline Wehmeyer, Human Resources Director