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REQUEST FOR <br />COUNCIL ACTION <br />CITY COUNCIL MEETING DATE: <br />AUGUST 6, 2012 <br />TITLE: <br />EMPLOYEE GROUP INSURANCE <br />RENEWALS <br />- k)?L, <br />CITY MANAGER <br />RECOMMENDED ACTION <br />CLERK OF COUNCIL USE ONLY: <br />APPROVED <br />? As Recommended <br />? As Amended <br />? Ordinance on 1St Reading <br />? Ordinance on 2"d Reading <br />? Implementing Resolution <br />? Set Public Hearing For_ <br />CONTINUED TO <br />FILE NUMBER <br />Authorize the City Attorney to prepare and authorize the City Manager and Clerk of the Council to <br />execute agreements for long term disability, medical, dental, vision, employee assistance, <br />employee group life and accidental death and dismemberment insurance. <br />DISCUSSION <br />The City's employee group benefit policies, contracts and agreements are renewed annually on <br />January 1. The City was successful in obtaining no rate increase for non-CaIPERS City <br />administered insurance benefits and POA Insurance contributions for 2013. Currently the City <br />provides life and accidental death & dismemberment (AD&D) coverage and long-term disability <br />(LTD) insurance through Aetna for full-time employees. We are currently in the second year of a <br />three-year rate guarantee for the Life, AD&D and LTD rates through December 31, 2014. <br />Life Insurance <br />Insurance Coverage Current Insurance Insurance Percent Change <br /> Rate Renewal Rate <br />Life Insurance $0.102 per $1000 $0.102 per $1000 0.0% <br />Accidental Death & $0.020 per $1000 $0.020 per $1000 0.0% <br />Dismemberment <br />25C-1