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.
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