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<br />CITY COUNCIL MEETING DATE: <br /> <br /> <br />REQUEST FOR <br />COUNCIL ACTION <br /> <br />CLERK OF COUNCIL USE ONLY: <br /> <br />SEPTEMBER 18, 2006 <br />TITLE: <br />EMPLOYEE GROUP INSURANCE <br />RENEWALS <br /> <br />APPROVED <br /> <br />o As Recommended <br />o As Amended <br />o Ordinance on 1 st Reading <br />o Ordinance on 2nd Reading <br />o Implementing Resolution <br />o Set Public Hearing For <br /> <br />~~ <br /> <br />((lfla <br /> <br />CITY MANAGER <br /> <br />CONTINUED TO <br /> <br />FILE NUMBER <br /> <br />RECOMMENDED ACTION <br /> <br />Authorize the City Attorney to prepare and authorize the City Manager and <br />Clerk of the Council to execute agreements for employee group life and <br />accidental death & dismemberment, medical and dental insurance. <br /> <br />DISCUSSION <br /> <br />The City's employee group benefit policies, contracts and agreements are <br />renewed annually on January 1. Currently we provide life and accidental <br />death & dismemberment coverage and long term disability insurance through <br />AIG Life Insurance Company for full-time employees. AIG has agreed to <br />renew our life and accidental death & dismemberment insurance agreement <br />with no increase in cost for a one year period. We are currently in the <br />second year of a two year rate guarantee for our long term disability <br />insurance. <br /> <br />Life Insurance <br /> <br />Insurance Current Insurance Percent Change <br />Coverage Insurance Rate Renewal Rate <br />Life Insurance $0.130 per $1000 $0.130 per $1000 0.0% <br />Accidental Death $0.03 per $1000 $0.03 per $1000 0.0% <br />& Dismemberment <br /> <br />25C-1 <br /> <br />