Number
050192
Version
SUBSTITUTE 2
Reference
020478
Sponsor
THE CHAIR
Title
Substitute resolution authorizing a contract extension for Long Term Disability Insurance benefits with Standard Insurance.
Analysis
This resolution authorizes the Department of Employee Relations to enter into a 2-year contract extension with Standard Insurance for Long Term Disability Insurance benefits for 3,600 eligible City employees for the period January 1, 2006-December 31, 2007.
Body
Whereas, The City of Milwaukee Department of Employee Relations (DER), with Willis Corp. of Wisconsin, has negotiated an extension of the current Standard Insurance contract for Long Term Disability Insurance benefits; and
Whereas, The contract extension does not include any additional cost in 2006 for the City of Milwaukee, or any additional cost for employees enrolled in the 120-day and 90-day buy-downs based on experience of those plans; and
Whereas The contract extension does include a cost increase in 2006 for employees enrolled in the 60-day buy-down based on the experience of that plan; and
Whereas, DER intends to do a request for proposal in 2007 for Long Term Disability benefits in 2008; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that DER is authorized to enter into a contract extension with Standard Insurance for the 3,600 City employees eligible for Long Term Disability Insurance benefits for the period January 1, 2006-December 31, 2007.
Requestor
DER-Employee Benefits Division
Drafter
LRB05237-2
TWM/cac
6/7/2005