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<br /> <br /> <br /> REQUEST FOR <br /> <br /> COUNCIL ACTION <br /> <br /> CITY COUNCIL MEETING DATE: CLERK OF COUNCIL USE ONLY: <br /> SEPTEMBER 3, 2013 <br /> <br /> TITLE: APPROVED <br /> ? As Recommended <br /> EMPLOYEE GROUP INSURANCE ? As Amended <br /> ? Ordinance on 1" Reading <br /> RENEWALS ? Ordinance on 2"d Reading <br /> ? Implementing Resolution <br /> ? Set Public Hearing For <br /> CONTINUED TO <br /> FILE NUMBER <br /> MANAGER <br /> <br /> RECOMMENDED ACTION <br /> <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, subject to non- <br /> substantive changes approved by the City Manager and City Attorney. <br /> <br /> DISCUSSION <br /> <br /> The City's employee group benefit policies, contracts and agreements are renewed annually on <br /> January 1. Currently the City provides life and accidental death & dismemberment (AD&D) <br /> coverage and long-term disability (LTD) insurance through Aetna for full-time employees. We are <br /> currently in the third year of a three-year rate guarantee for the Life, AD&D and LTD rates through <br /> December 31, 2014. <br /> <br /> <br /> Life Insurance <br /> <br /> <br /> Insurance Coverage Current Insurance Insurance Percent Change <br /> Rate Renewal Rate <br /> <br /> Life Insurance $0.102 per $1000 $0.102 per $1000 0.0% <br /> <br /> <br /> Accidental Death & $0.020 per $1000 $0.020 per $1000 0.0% <br /> Dismemberment <br /> <br /> <br /> <br /> <br /> <br /> <br /> 2501-1 <br />