Res. No. 128-08-127251010wor"I
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WHEREAS, the City currently contributes one hundred percent (100%) of the premiums
for life/accidental death/dismemberment and long term disability insurance for its fulltime
employees; and,
WHEREAS, currently, the City's is up for renewal with Standard Insurance; and,
WHEREAS, the insurance carrier (Standard Insurance) has agreed to hold the same rates
for another plan year; and,
WHEREAS, with the selection of Standard Insurance, the designated Agent of Record
will be Employee Benefits Consulting Group until such time as the contract expires or until
determined by either party.
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Section 1. This contract shall be effective October 1, 2008 and shall be renewable on an
annual basis.
Section 2. This engagement is at will and shall continue until either party terminates
the engagement by giving written notice to the other party. The City shall not be charged for
agent of record services, Employee Benefits Consulting Group shall be insurer.
Section 3. This resolution shall take effect immediately upon approval.
Contract with Standard Insurance to provide Life/Accident, Death & Dismemberment and Long Term Disability.
Pg. 2 of Res. No. 128-08-12725
PASSED AND ADOPTED this 6
th day of 2008.
ATTF,ST- APPROVED:
M
VIA
tfTY CLERK
EY
Commission We: 4-0
Mayor Feliu:
Yea
Vice Mayor Beasley:
Yea
Commissioner Wiscombe:
Yea
Commissioner Beckman:
Yea
Commissioner Palmer
Yea
Contract with Standard Insurance to provide Life/Accident, Death & Dismemberment and Long Term Disability.
CITY OF SOUTH MIAMI
OFFICE OF THE CITY MANAGER 2001 rs
INTER-OFFICE MEMORANDUM
To: The Honorable Mayor & Members of the City Commission
Via: W. Ajibola Balogun, City Manager
From: Jeanette Enrizo, Human Resources Manager
Date: August 5, 2008 Agenda Item No..
Subject: 2008/2009 Renewal of Life/Accident Death & Dismemberment and Long Term
Request: The attached resolution seeks approval from the City Commission for the City
Manager to renew a one-year contract with Standard Insurance to provide Life/AD
& D and LTD insurance coverage for the City's full time employees.
Reason/Need: Currently, the City contributes one hundred percent (100%) of the premiums for
Life/Accidental Death and Dismemberment and Long Term Disability insurance to
all of the City's fulltime employees. Currently, the City's is up for renewal with
Standard Insurance and they have agreed to hold the same rates for another plan
year.
Cost: Life/AD&D - $.17/$1,000 of coverage
Long Term Disability - $.24/$100 of monthly covered payroll
Funding Source: N/A
Backup Documentation:
Ll City of South Miami's Medical Proposal Analysis.
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July 24, 2008
Ms. Jeanette Navarro
Human Resource Manager
City of South Miami
6130 Sunset Drive
South Miami, Florida 33143
Re: Life/AD&D and Long Tenn Disability
Dear Jeanette:
Standard Insurance has agreed to hold the Life/AD&D and Long Term Disability rates for
another plan year (10/01/08-9/30/09). The rates will remain at the current level:
Life/AD&D - $1751,060 of coverage
Long Term Disability - $.24/$100 of monthly covered payroll
Please call me if you have any questions or concerns. I look forward to discussing this in further
detail.
Sincerely,
-'z
Gene Baynon
Principal
GB/jc
12525 Orange Drive, Suite 703 • Davie, Florida 33330
Phone: (954) 473• 1034 - Fax: (954) 473-0146 ® Web: http://www.ebcg.net
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Employee Benefits Consulting Group
July 24, 2008
Ms. Jeanette Navarro
Human Resource Manager
City of South Miami
6130 Sunset Drive
South Miami, Florida 33143
Re: Dental Insurance
Dear Jeanette:
Here are the renewal rates for the dental and vision insurance. CompBenefits has agreed to a 2
year rate guarantee. The renewal rates will be valid from 10/1/08-9/30/10:
Dental HMO
Renewal Rates
Employee only
$22.46
Employee + child(ren)
$45.16
Employee + spouse
$45.70
Employee + child(ren) + spouse
$74.06
Dental PPO
Employee only
$34.96
Employee + child(ren)
$78.62
Employee + spouse
$70.54
Employee + child(ren) + spouse
$126.02
Vision
Employee only $6.50
Employee + child(ren) $12.36
Employee + spouse $13.00
Employee + child(ren) + spouse $25.58
The City can keep their monthly contribution toward dental coverage @ $11-36/employee. The
vision plan would continue to be 100% employee paid.
12525 Orange Drive, Suite 703 - Davie, Florida- 33330
Phone: (954) 473-1034 - Fax: (954) 473-0146 - Web: http://www.ebcg.net
Please call me if you have any questions or concerns. I look forward to discussing this in further
detail.
Sincerely,
Gene Baynon
Principal
GB/jc
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Employee Benefits Consulting Group