Number
071060
Version
SUBSTITUTE 2
Reference
Sponsor
THE CHAIR
Title
Substitute resolution approving a city group life insurance contract between Standard Insurance Company and the City of Milwaukee covering the period of January 1, 2008 to December 31, 2010.
Analysis
Common Council File No.070958 approved the selection of United of Omaha Life Insurance
Company as the City's group life insurance carrier for the period 2008 through 2010. It authorized the Executive Director of the Employes' Retirement System and the City Attorney to negotiate the terms of the formal agreement between Standard Insurance Company and the City for approval by the Common Council. This resolution approves the formal contract documents prepared and negotiated in accordance with the Common Council directive and authorizes the proper City officers to execute on behalf of the City those documents necessary to make the formal contract effective.
Body
Whereas, Common Council Resolution File No. 070958 approved the recommendation of the selection of Standard Insurance Company as the City's group life insurance carrier for the period 2008 through 2010, and directed the Executive Director of the Employes' Retirement System and the City Attorney to negotiate the terms of a formal agreement between Standard Insurance Company and the City of Milwaukee for approval by the Common Council; and
Whereas, The formal agreement has been negotiated; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that the formal agreement between Standard Insurance Company and the City of Milwaukee, as annexed to the file, be and hereby is approved and the Executive Director of the Employes' Retirement System and the City Attorney be and hereby are authorized and directed to execute the application and take all steps necessary to make such formal agreement effective, in substantially in the form on file, with such revisions regarding benefits as shall be approved by the Depu...
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