HomeMy WebLinkAbout~Master - Renewal of Long-Term Disability Insurance with UNUM/Provident RESOLUTION NO. 00-310
RESOLUTION APPROVING RENEWAL OF
LONG-TERM DISABILITY INSURANCE
WITH UNUM/PROVIDENT
FOR THE CITY OF AMES, IOWA
WHEREAS,the current policy for the City's long-term disability coverage expires on July 1,
2000; and,
WHEREAS, the present carrier is UNUM/Provident Insurance Company; and,
WHEREAS,the policy covers employees who are members ofthe IPERS and Utility Retirement
Systems; and,
WHEREAS,the City pays 100% of the cost of the IPERS employees' premiums; and,
WHEREAS, the employees belonging to the Utility Retirement System pay 100% of the
premium; and,
WHEREAS, competitive quotations from providers of long-term disability coverage were
sought; and,
WHEREAS, the recommended proposal from UNUM represents a 56% increase in premium
over the FY 1999/00 rates; and,
WHEREAS,the 2000/01 budget includes sufficient funds to cover the City's portion ofthe cost.
NOW,THEREFORE,BE IT RESOLVED by the City Council of the City of Ames,Iowa, that
renewal of the City's long-term disability coverage with UNUM/Provident Insurance Company at an
estimated annual premium of$138,000 is hereby approved.
ADOPTED THIS 27th day of June, 2000.
Y V
Diane R. Voss, City Clerk Ted Tedesco, Mayor
Introduced by: Hoffinan
Seconded by: Goodhue
Voting aye: Cross, Goodhue, Hoffman, Quirmbach, Wirth
Voting nay: None Absent: Campbell
Resolution declared adopted and signed by the Mayor this 27th day of June, 2000.