Broken Arrow City Council
Meeting of: 08-07-2018
Title:
title
Approval of and authorization to execute renewal from Unum to provide long-term disability insurance to City employees
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Background:
As part of the employee benefits program, the City of Broken Arrow provides long-term disability insurance to all full-time employees, except for those covered by a collective bargaining agreement.
The long-term disability benefit provides financial protection for employees by paying 60% of the employee’s monthly earnings while disabled. The City pays 100% of the cost for this coverage.
Staff received a benefit renewal letter from Unum confirming no adjustments will be made to the upcoming policy year. The rate will remain at $0.55 per $1,000 of coverage. There will be no increase in premiums.
Unum has been excellent to work with and provides exceptional customer service. Staff recommends approval of the benefit renewal.
Cost: up to $120,000 (based on wages)
Funding Source: Group Health and Life Fund
Requested By: Jannette McCormick, Human Resources Director
Approved By: Michael L. Spurgeon, City Manager
Attachments: Unum Benefit Renewal
Recommendation:
recommend
Approve and authorize execution of the benefit renewal from Unum.
end