HomeMy WebLinkAboutItem 07 - Life Insurance and Long Term DisabilityMEMO TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: BRUNO RUMBELOW, CITY MANAGER
MEETING DATE: SEPTEMBER 21, 2021
SUBJECT: APPROVAL FOR CONTRACT RENEWAL WITH UNUM FOR BASIC
LIFE/AD&D, LONG TERM DISABILITY AND VOLUNTARY EMPLOYEE
BENEFITS.
RECOMMENDATION: City Council to consider award of an annual renewal contract with UNUM
for basic employee life/AD&D, long term disability, voluntary employee
and dependent life/AD&D and voluntary short term disability
FUNDING SOURCE: Funds are available in General Fund 100, Health Insurance Premium in
the estimated annual amount of $590,000.
BACKGROUND: The City of Grapevine provides life insurance and long term disability to all
benefit eligible employees. The City also provides the option for
employees to purchase voluntary life/AD&D and short term disability
coverage.
This is the second year of an optional two year renewal contract with
UNUM Insurance. The plan is renewing this year with no rate increase.
City staff reviewed and determined that UNUM's current plan would
continue to provide the best service and pricing for meeting the needs of
the City.
Staff recommends approval.
GJ