Broken Arrow City Council
Meeting of: September 16, 2025
Title:
title
Approval of and authorization to execute a renewal with MetLife to provide basic life, accidental death and dismemberment (AD&D), and long-term disability (LTD) insurance to eligible city employees to be effective January 1, 2026
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Background:
As part of the employee benefit program, the City of Broken Arrow provides basic life and accidental death and dismemberment (AD&D) benefits to all fulltime employees, except those covered by an agreement with the International Association of Firefighters. (The IAFF provides insurance benefits to its members).
The City currently pays the full cost of the basic life insurance benefit, which is one-times the employee's annual salary, up to $150,000, and a special provision for the City Manager for a benefit up to $350,000. In addition, the City also provides long-term disability in the event an eligible employee is unable to perform their job.
Our Insurance Broker went to market for life insurance and long-term disability and reviewed the current rates being provided by MetLife. MetLife has agreed to a one-year extension of the current rate structure for basic life & AD&D. This renewal has no effect on the employee as the employees do not need to utilize these benefits unless there is a catastrophic event.
The Insurance Advisory Committee and staff are recommending a one-year renewal with MetLife to provide basic life & AD&D, and long-term disability to employees effective January 1, 2026.
Cost: $204,811 (estimated annual premium based on volume purchased)
Funding Source: Group Health and Life Operational Budget Fund 661
Requested By: Kelly Cox, Human Resources Director
Approved By: City Manager’s Office
Attachments: Basic Life Plan year 2026
LTD Plan year 2026
Recommendation:
recommend
Approve and authorize execution of a renewal with MetLife to provide basic life & AD&D, and long-term disability insurance beginning January 1, 2026
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