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HomeMy WebLinkAbout2018-143 (Integrity Benefit LLC’s proposal for employee voluntary ancillary insurance policies effective September 1, 2018) RESOLUTION 2018-143 APPROVING INTEGRITY BENEFIT LLC'S PROPOSAL FOR EMPLOYEE VOLUNTARY ANCILLARY INSURANCE POLICIES EFFECTIVE SEPTEMBER 1,2018 WHEREAS, the City of Stillwater Labor-Management Insurance Work Group has spent the past six months reviewing the current voluntary ancillary insurance products available to City employees; and, WHEREAS, in order to review the insurance market for competitive pricing for voluntary ancillary insurance products for City employees, the Insurance Work Group involved CBIZ,the City's insurance consultant to assist in developing an RFP for voluntary ancillary employee insurance products; and, WHEREAS, responses to the RFP for voluntary ancillary employee insurance products were evaluated and the top firms were interviewed by the Insurance Work Group; and WHEREAS, based upon an evaluation of the proposals and quotes received in response to the RFP, and interviews with the top firms, the Insurance Work Group recommends that the City Council accept the proposal from Lincoln Financial,the carrier underwriting the policy as part of the National Joint Powers Alliance (NJPA) represented by Integrity Benefits, LLC, for provision of life and accidental death and dismemberment insurance,voluntary short term disability and voluntary long term disability insurance. NOW THEREFORE BE IT RESOLVED, by the City Council of Stillwater, Minnesota, that the City accept Integrity Benefit LLC's proposal for employee voluntary life and accidental death and dismemberment insurance, voluntary short term disability and voluntary long term disability insurance ancillary insurance policies effective September 1, 2018. BE IT FURTHER RESOLVED that the Stillwater City Council authorizes the Mayor and City Clerk to sign the agreement. Adopted by the City Council of the City of Stillwater this 3rd day of July, 2018. 4.--24t° 71.7 Ted Kozlowski, Ma or ATTEST: Diane F.Ward, City Clerk