Res No 095-21-15715RESOLUTION NO.095-21-15715
A Resolution authorizing the City Manager to purchase life, accidental death &
dismemberment insurance (AD&D), and long-term disability insurance benefits from
Mutual of Omaha for full-time employees for Fiscal Year 2021-2022.
WHEREAS, the City's Agent of Record, Brown and Brown of Florida, with coordination of City Staff
solicited more than three quotes and compared the insurance rates, benefits plan design, provider network, as well
as the City's previous claims experience/ratio; and
WHEREAS, the City Staff wishes to recommend the selection of Mutual of Omaha for the provision of
Life, AD&D, and Long -Term Disability insurance benefits for all full-time employees and participating retirees;
and
WHEREAS, the premium shall be charged to departmental line items in their respective account numbers.
NOW THEREFORE BE IT RESOLVED BY THE MAYOR AND CITY COMMISSION OF THE
CITY OF SOUTH MIAMI, FLORIDA THAT;
Section 1. The foregoing recitals are hereby ratified and confirmed as being true and they are incorporated
into this resolution by reference as if set forth in full herein.
Section 2. The City Commission hereby authorized the City Manager to execute the Life, AD&D, and
Long -Term disability policy with Mutual of Omaha for the City of South Miami full time employees and
participating retirees for the 2021-2022.
Section 3. Corrections. Conforming language or technical scrivener -type corrections may be made by
the City Attorney for any conforming amendments to be incorporated into the final resolution for signature.
Section 4. Severability. If any section clause, sentence, or phrase of this resolution is for any reason held
invalid or unconstitutional by a court of competent jurisdiction, the holding shall not affect the validity of the
remaining portions of this resolution.
Section 5. Effective Date. This resolution shall become effective immediately upon adoption.
PASSED AND ADOPTED this 17`h day of August, 2021.
ATTEST: APPROVED: /
CITY CLERK AYOR
READ AND APPROVED AS TO FORM, COMMISSION VOTE:
LANGUAGE, LEGALITY AND
EXECUT N THE E�
CITY ATTORNEY
Mayor Philips:
Commissioner Corey:
Commissioner Harris:
Commissioner Liebman:
Commissioner Gil:
5-0
Yea
Yea
Yea
Yea
Yea
Agenda Item No:6.
City Commission Agenda item Report
Meeting Date: August 17, 2021
Submitted by: Samantha Fraga-Lopez
Submitting Department: Human Resources
Rem Type: Resolution
Agenda Section:
Subject:
A Resolution authorizing the City Manager to purchase life, accidental death & dismemberment insurance
(AD&D), and long-term disability insurance benefits from Mutual of Omaha for full-time employees for Fiscal
Year 2021-2022. 3/5 (City Manager)
Suggested Action:
Attachments:
21-22 Memo —Life —ADD —Long Term.docx
21-22 Reso_Life ADD_Long Term.docx
Life- Long Term & AD&D Comparison.pdf
CITY OF SOUTH MIAMI
South Miami OFFICE OF THE CITY MANAGER
THE CITY OF PLEASANT LIVING INTER -OFFICE MEMORANDUM
To: The Honorable Mayor & Members of the City Commission
FROM: Shari Kamali, City Manager
VIA: Samantha Fraga-Lopez, Assistant City Manager
DATE: August 17, 2021
SUBJECT: A Resolution authorizing the City Manager to purchase life, accidental
death & dismemberment insurance (AD&D), and long-term disability
insurance benefits from Mutual of Omaha for full-time employees for
Fiscal Year 2021-2022.
BACKGROUND: The City's Benefit Consultant, Brown and Brown of Florida, Inc., solicited
more than three quotes for the employee's Life Insurance, AD&D, and
Long -Term Disability Insurance coverages for South Miami full-time
employees for the Fiscal Year 2021-2022 Plan. Mutual of Omaha, the City's
current insurance carrier, provided the best coverage and a renewal rate
with a 0% increase for Life Insurance and Accidental Death and
Dismemberment Coverage and a $2,646.64 annual increase for Long -Term
Disability coverage. The renewal is appropriately funded in the proposed
budget for Fiscal Year 2021-2022.
RECOMMENDATION: Based upon the proposals received, the City staff recommends the renew
with the current carrier, Mutual of Omaha.
AMOUNT: The estimated total annual costs paid by the City for Life Insurance, AD&D,
and Long -Term Disability insurance coverages is $33,696.64 based on
today's personnel.
ACCOUNT: Premium charges for Life Insurance, AD&D, and Long -Term Disability
insurance will be charged to the designated departmental budget line
items as proposed in the Fiscal Year 2021-2022 budget.
ATTACHMENTS: Proposed resolution
Rate Comparisons Comparison
2
October 2021 Basic Life and Long -Term Disability Comparison for City of South Miami
TOTAL ANNUAL PREMIUM
TOTAL % Change
All R&Time Cily •All other FUIFTIme
Managers Actively at Employees Actively in
Work Work
2x Salary to $320,000 Is Salary to $75,000
2x Sala to $320,000 Is Sala to $75.000
$320.000
$75,000
to 65%
to 50%
80% to $256,000 I 80% to $60,000
Included
Included
Not Included
Noo-Contributo
100%
24 months
$6.410,350
$0.150
$0.020
$1,153.86
$13.846.36
AII Full -Time City
All other Full -Time
Managers Actively at
Employees Actively at
I
Work
Work
2x Salary to $320,000 ix Salary to $75,000
2x Sala to $320.000 I.Salaryto$75.000
5320,000
$75,000
to 65 %
10 50%
75% to $240,000 I 75% to 556,250
Included
Included
Included
Non,Contributorte
100%
24 Months
$6.410.350
$0.155
$0.020
$1,121.a'
it 461.74
0.0% 9.4 % .2.8%
$0.00 515.154.05-$384.62
$2.646.64
$33,696.14
ash
Declined to Door.
$15,154.07
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Standard
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October 2021 Basic Life and Long -Term Disability Comparison for City of South Miami
7 Eli iblll! /Classes
Benefits
7
Maximum Monthly Benefit
Benefit %7� Nat Quated Not Quated
Elimination Period
Maximum Benefit Period
Pre-existing Condition Limitation
Mental 6 Nervous
Survtvor Income
Definition of Dlsablity
Own Occupation Coverage Period
Contribution Type
Participation Requirement
Rate Guarantee (months)
Covered Volume
LTD Rate per $100 Monthly8enerit
Monthly Premium
Total Annual LTD Premium
7"
Not Quoted
Not Quoted
S Change in Annual Premium
TOTAL FINANCIAL SUMMARY
TOTAL ANNUAL PREMIUM
TOTAL % Change
Rates shown are based on census data provided Final rates are subpd to underwrtng and actual ennDbnent
This comparison is for Oustrative purposes only. The hull policy and certificate of coverage wd supersede any
9 and all materials provided herein
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