HomeMy WebLinkAbout~Master - Adjustment to life insurance coverages for merit employees RESOLUTION NO. 06-246
RESOLUTION APPROVING ADJUSTMENTS TO
LIFE INSURANCE COVERAGES FOR MERIT EMPLOYEES
FOR THE CITY OF AMES,IOWA
WHEREAS,the City currently provides$35,000 in life insurance coverage to full-time merit
employees, $26,975 in coverage for 3/4-time merit employees, and$18,950 in coverage for 1/2-time
merit employees; and,
WHEREAS, it has been proposed that the coverage amount for full-time employees be
increased to $50,000, 3/4-time to $37,500, and 1/2-time to $25,000; and,
WHEREAS, these changes would provide a higher benefit for merit employees and be
beneficial as a recruitment tool; and,
WHEREAS,it would also make the coverage for full-time merit employees comparable to that
negotiated recently by three of the City's bargaining units; and,
WHEREAS, the additional financial impact to departments would be approximately$9,000
for fiscal year 2006/07, which would be absorbed by savings from liability and property insurance.
NOW,THEREFORE,BE IT RESOLVED by the City Council of the City of Ames,Iowa,that
the proposed increases in life insurance coverage amounts for merit employees are hereby approved.
ADOPTED THIS 27th day of June, 2006.
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-Diane R. Voss, City Clerk Ann H. Campbell, Mayor
Introduced by: Goodhue
Seconded by: Goodman
Voting aye: Doll, Goodhue, Goodman, Popken, Rice
Voting nay: None Absent: Mahayni
Resolution declared adopted and signed by the Mayor this 27th day of June, 2006.