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HomeMy WebLinkAbout17416 - RESOLUTIONS - 2/6/1991 RESOLUTION NO, 17416 OF THE CITY COUNCIL OF THE CITY. OF PALM SPRINGS, CALIFORNIA, APPROVING AGREEMENTS FOR EXCESS GROUP HEALTH INSURANCE, LIFE INSURANCE AND LONG-TERM DIS"ABILITY, AND CITY CONTRIBUTION RATES ON BEHALF OF ITS EMPLOYEES EFFECTIVE JANUARY 1, 1991 WHEREAS Resolution No. 17250 , adopted on September 5, 1990, approved agreements for group health insurance programs for fiscal year 1990-91, with rates effective through July 31, 1991 ; and WHEREAS Resolution No. 17257 , adopted on September 5, 1990, approved agreements for a self-insured medical benefits plan for the 1990-91 Fiscal Year; and WHEREAS USB Insurance Services, Inc, provides Specific and Aggregate Excess Medical Insurance and has proposed. a rate reduction, effective January 1, 1991, to replace the existing coverage with Boston Mutual Insurance Company, on the same coverage basis; and WHEREAS Commercial Life Insurance Company, provides Life Insurance and has proposed a rate reduction, effective January 1, 1991, to replace the existing coverage with Boston Mutual Insurance: Company, on the same coverage basis; and WHEREAS The Continental Insurance Company, provides Long-Term Disability Insurance and has proposed a rate reduction, effective February 1, 1991, to replace the existing coverage with Hartford , Insurance Company, on the same coverage basis. NOW THEREFORE BE IT RESOLVED by the City Council of the City of Palm Springs as follows: Section 1. Section 2 . of Resolution No. 17257, is hereby amended to read as follows: Y That an insurance contract with USB Insurance Services, Inc. for Specific and Aggregate Excess Medical Insurance for the period January 1, 1991 through December 31, 1991, is hereby approved at a premium rate of $8 . 64 , per employee per month and $16. 91, per covered family per month. Section 2 . That an insurance contract with Commercial Life Insurance Company, for Life Insurance, provided. to EX, MX, General Unit and Confidential employees, effective January 1, 1991 through December 31, 1991, is hereby approved at a premium rate: of $ . 27 , per $1000 of life volume and Accidental, Deaths and Dismemberment Insurance for EX and Mx employees, in the amount of $ . 05, per $100 of life volume, per month. Section 3 . Section 7 of Resolution No. 17249 is hereby amended to read as follows: ' That an insurance contract with The Continental Insurance Company ' for Long-Term Disability Insurance, effective. February' 1, 1991, with guaranteed rates through January 31, 1993 , is hereby approved at a premium rate of $1. 05, per $100 payroll , ;per month. ADOPTED this 6th day of February, 1991 AYES: Councilmembers Broich, Hodges, Murawski , Neel and Mayor Bono NOES : None ABSENT: None ATTEST: CITY OF PALM: SPRINGS, CALIFORNIA Cit_y--CTerk Acting City Manager REVIEWED &.°/ A vnunvr n• P