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REQUEST FOR <br />COUNCIL ACTION <br />CITY COUNCIL MEETING DATE: <br />DECEMBER 17, 2019 <br />TITLE: <br />ADOPT RESOLUTION AUTHORIZING THE <br />PURCHASE OF BASIC LIFE INSURANCE, <br />ACCIDENTAL DEATH AND <br />DISMEMBERMENT BENEFIT, <br />SUPPLEMENTAL LIFE INSURANCE, AND <br />LONG-TERM DISABILITY INSURANCE <br />FOR EMPLOYEES THROUGH THE <br />HARTFORD LIFE AND ACCIDENT <br />INSURANCE COMPANY <br />{STRATEGIC PLAN NO. 7; 61 <br />CLERK OF COUNCIL USE ONLY: <br />APPROVED <br />❑ As Recommended <br />❑ As Amended <br />❑ Ordinance on 11' Reading <br />❑ Ordinance on 2n° Reading <br />❑ Implementing Resolution <br />❑ Set Public Hearing For <br />CONTINUED TO <br />/s/Kristine Ridge FILE NUMBER <br />CITY MANAGER <br />RECOMMENDED ACTION <br />1. Adopt a resolution authorizing the purchase of basic life insurance, accidental death and <br />dismemberment benefit, supplemental life insurance and supplemental death and <br />dismemberment benefit, dependent life insurance and long-term disability insurance for City <br />employees through Hartford Life and Accident Insurance Company beginning January 1, <br />2020. <br />2. Receive and file renewal rates for employee basic life, supplemental life, dependent life <br />insurance, long-term disability, and accidental and dismemberment benefits, and <br />supplemental accidental death and dismemberment for the calendar year 2020. <br />DISCUSSION <br />The City contracted with Aetna Life Insurance for Basic Life and Supplemental Life, Long -Term <br />Disability Insurance and Accidental Death and Dismemberment with an automatic yearly renewal. <br />The Hartford acquired Aetna Life Insurance business on November 1, 2017, and is now the <br />administrator and reinsurer for this insurance coverage. Coverage and service with Aetna <br />terminated effective August 31, 2019 and became effective with The Hartford on September 1, <br />2019, the policy with The Hartford reflected choices and information on file with Aetna. The renewal <br />billing guarantee period with Aetna was approved from January 1, 2015 through January 1, 2020. <br />The Hartford assumed the rate guarantee through January 1, 2020 as well (Exhibit 1). <br />Keenan and Associates is the broker of record for the agreement with The Hartford. The broker is <br />eligible to receive compensation from The Hartford if they choose to participate in The Hartford's <br />incentive programs as described in Exhibit 1. <br />55A-1 <br />