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Home My WebLink AboutCity of Tamarac Resolution R-2004-2401 Temp. Reso. #10566 — September 30, 2004 Page 1 CITY OF TAMARAC, FLORIDA RESOLUTION NO. R-2004- 2LP A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF TAMARAC, FLORIDA, AUTHORIZING THE APPROPRIATE CITY OFFICIALS TO APPROVE THE RENEWAL OF BASIC LIFE INSURANCE AND ACCIDENTAL DEATH & DISMEMBERMENT COVERAGE WITH METROPOLITAN LIFE INSURANCE COMPANY AT THE PRESENT RATE THE CITY PAYS FOR BASIC LIFE INSURANCE AND ACCIDENTAL DEATH & DISMEMBERMENT INSURANCE COVERAGE EFFECTIVE JANUARY 1, 2005; PROVIDING FOR THE CONTINUATION OF THE EXISTING COST ALLOCATION OF THE BASIC LIFE INSURANCE AND ACCIDENTAL DEATH & DISMEMBERMENT INSURANCE PREMIUM BETWEEN THE CITY AND EMPLOYEES; PROVIDING FOR CONFLICTS; PROVIDING FOR SEVERABILITY; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the basic life insurance and accidental death and dismemberment coverage was awarded to Metropolitan Life Insurance Company on December 1, 1990 and is scheduled to expire on December 31, 2004; and WHEREAS, Metropolitan Life Insurance Company has indicated its desire to renew basic life insurance and accidental death and dismemberment coverage for the City of Tamarac as indicated in the letter dated September 30, 2004, which is attached hereto as Exhibit #1; and Temp. Reso. #10566 — September 30, 2004 Page 2 WHEREAS, the City has received a renewal continuing its present rates for this renewal period for basic life insurance coverage from January 1, 2005 through December 31, 2006; and WHEREAS, the rates for basic life insurance coverage will be; $.33 per month per $1,000 from January 1, 2005 through December 31, 2006; and WHEREAS, the City has received a renewal continuing its present rates for this renewal period for accidental death and dismemberment coverage from January 1, 2005 through December 31, 2006; and WHEREAS; the rates for accidental death and dismemberment coverage will be; $.04 per month per $1,000 from January 1, 2005 through December 31, 2006; and WHEREAS, there will be no change in the various rates that retirees pay for basic life insurance or accidental death & dismemberment coverage effective this renewal period, January 1, 2005 through December 31, 2006; and WHEREAS, the Human Resources Director recommends the renewal of the basic life insurance and the accidental death & dismemberment coverage with a continuation of present premium rates effective this renewal period, January 1, 2005 through December 31, 2006; and 1 1 1 Temp. Reso. #10566 — September 30, 2004 Page 3 WHEREAS, available funds exist in the appropriate funds which are in the approved FY2005 Budget; and WHEREAS, the City Commission has deemed it to be in the best interest of the citizens and residents of the City of Tamarac to provide basic life insurance and accidental death and dismemberment benefits for City employees. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF TAMARAC, FLORIDA: SECTION 1: The foregoing "WHEREAS" clauses are hereby ratified and confirmed as being true and correct and are hereby made a specific part of this Resolution. SECTION 2: That the appropriate City officials are hereby authorized to approve the renewal of Metropolitan Life Insurance Company as the City's carrier for basic life insurance and accidental death & dismemberment coverage for City of Tamarac employees with a continuation of present premium rates effective this renewal period, January 1, 2005 through December 31, 2006 with the monthly rate as follows: Basic Life $.33 per month per $1,000 and Accidental Death and Dismemberment $.04 per month per $1,000. Temp. Reso. #10566 -- September 30, 2004 Page 4 SECTION 3: That the appropriate City officials are hereby authorized to continue the existing cost allocation of the basic life insurance and accidental death & dismemberment premium between the City and the employees. SECTION 4: That all resolutions or parts of resolutions in conflict herewith are hereby repealed to the extent of such conflict. SECTION 5: That if any clause, section, or other part or application of this Resolution is held by any court of competent jurisdiction to be unconstitutional or invalid, in part or application, it shall not affect the validity of the remaining portions or applications of this Resolution. 1 1 1 Temp. Reso. #10566 -- September 30, 2004 Page 5 SECTION 6: This Resolution shall become effective immediately upon its passage and adoption. PASSED, ADOPTED AND APPROVED this 27t" day of October, 2004. ATTEST: MARION S ENSON, CMC CITY CLERK I HEREBY CERTIFY that I have approved this RESOLUTION as to form. i ��. MITCHELL CITY AT1 N JOE SCHREIBER MAYOR RECORD OF COMMISSION VOTE: MAYOR SCHREIBER c DIST 1: COMM. PORTNE DIST 2: COMM. FLANSBAUM-TALABISCO DIST 3: V/M SULTANOF Na DIST 4: COMM. ROBERTS RXHIB11F 1 September 30, 2004 Robin Kalins City of Tamarac 7525 N.W. 881" Avenue Tamarac, FL 33321 Re: City of Tamarac Renewal - 01/01/2005 Dear Robin, REC1:N D HUMNN RESOURCES 04 SEP 30 PM 2: 36 TR 10566 MetLife` MetLife appreciates the opportunity to be a part of your benefit program. This letter confirms your renewal for the 2005 and 2006 plan years. I am pleased to advise you that the rates currently in effect will continue for the next 2 plan years commencing on January 1, 2005, with a guarantee period until 12/31/06. In determining the rates for the plan years ahead, we have evaluated your plan experience, taking into account the credibility of the experience and the demographics of your group. Our objective in the renewal process is to identify rates which will maintain the overall financial stability of your benefit program. The rates currently in effect for your contract with MetLife are as follows: Current/Renewal Rates Basic Life Actives $.33 /$ 1000 Basic Life -Retiree 45-49 $.48 /$ 1000 Basic Life -Retiree 50-54 $.79. /$ 1000 Basic Life -Retiree 55-69 $1.29 /$ 1000 Basic Life -Retiree 60-64 $1.73 /$ 1000 Basic Life -Retiree 65-69 $2.68 /$ 1000 Basic Life -Retiree 70-74 $3.64 /$ 1000 Basic Life -Retiree 75-79 $5.83 /$ 1000 Basic Life -Retiree 80-84 $8.92 /$ 1000 AD&D $0.04 /$ 1000 The rates shown above assume your existing plan design, contribution structure and group demographics remain the same. Please do not hesitate to contact me at (305) 695-0243 if I may answer any questions or assist in any way. Once again, thank you for the privilege you have extended to us. You are the reason we are in business. We look forward to continuing our mutually beneficial relationship in the months and years ahead. Sincerely, Steve Kovash Life • Dental • Disability • Long Term Care • P&C" • Voluntary Products • Pensions • Investments - 401(k) Metropolitan Life Insurance Company New York, New York 10010 L03036GG4(exp0304)MLIC-LD *Underwritten by MetLife® Auto and Home. MetLife Auto and Home is a brand of Metropolitan Property and Casualty Insurance Company and Affiliates, Warwick, Rl.