HomeMy WebLinkAbout~Master - Renewal of long-term disability insurance RESOLUTION NO. 02-370
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,
2002; and,
WHEREAS, the present carrier is UNUM/Provident Insurance Company; and,
WHEREAS,the policy covers employees who are members of the IPERS and Utility Retirement
Systems; and,
WHEREAS,uniformed police and fire fighters do not have coverage,the City pays 100%of the
cost of the IPERS employees'premiums,and 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 proposed rate from UNUM would remain the same for FY 2002/03;however,
they would only give us a one-year rate guarantee..
NOW,THEREFORE,BE IT RESOLVED by the City Council of the City of Ames,Iowa, that
the proposal from UNUM Provident Insurance for long-term disability insurance at an estimated annual
premium of$160,284 is hereby approved.
ADOPTED THIS 25th day of June, 2002.
Diane R. Voss, City Clerk Ted Tedesco,Mayor
Introduced by: Goodhue
Seconded by: Wirth
Voting aye: Cross, Goodhue, Quirmbach, Vegge, Wirth
Voting nay: None Absent: Hoffman
Resolution declared adopted and signed by the Mayor this 25th day of June, 2002.