Item 4D
~' CITY OF ATLANTIC BEACH
CITY COMMISSIONER MEETING
STAFF REPORT
ITEM:
~„ SUBMITTED BY:
DATE:
BACKGROUND:
FUNDING:
RECOMMENDATION:
CITY MANAGER:
AGENDA ITEM 4D
SEPTEMBER 27, 2004
Approve renewal of employee basic life and Accidental Death and
Dismemberment (AD&D) insurance with ING Employee Benefits
(previously RELIASTAR).
George Foster, Human Resource Manager ~/ '(~
September 21, 2004
The City currently provides basic life insurance and AD&D
insurance to our employees in the amount of one times annual
salary rounded up to the nearest thousand dollar amount with a
$50,000 maximum.
We have been advised by ING that our life insurance rate for basis
life insurance will not be increased, effective October 1, 2004 with
the basic rate remaining at $ 0.31 per $1,000 of coverage and the
AD&D rate will remain at $ .04 per $1,000 of coverage.
Sufficient funds are within the FY05 budget for this action.
That the City Commission authorize continuing employee life
insurance coverage with 1NG Employee Benefits.