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<br />!i <br />.l <br />II <br /> <br /> <br />RESOLUTION NO. 84-89 <br /> <br />STATE OF MINNESOTA <br />COUNTY OF RAMSEY <br />CITY OF NEW BRIGHTON <br /> <br />RESOLUTION AWARDING CONTRACT FOR EMPLOYEE LIFE INSURANCE <br /> <br />WHEREAS, Canada Life Assurance submitted the lowest <br />responsible bid which provides for group life, group accidental <br />death and dismemberment, optional dependent, and additional <br />employee life and accidental death and dismemberment, and <br /> <br />WHEREAS, the City is desirous of selecting one provider <br />for all coverage, <br /> <br />NOW, THEREFORE, BE IT RESOLVED that: <br /> <br />1. The contract is awarded to Canada Life Assurance. <br /> <br />2. The terms shall be as stated in the specifications. <br /> <br />" <br />i! <br /> <br />3. The monthly premium shall be: <br /> <br />A. Basic Coverage - provided by City <br /> <br />Group Life <br /> <br />$0.25 per $1,000 of coverage <br /> <br />~ ~ <br /> <br />Group AD&D <br /> <br />$0.06 per $1,000 _ of .coverage <br /> <br />B. Optional Coverage - paid by employee <br /> <br />Dependent coverage <br /> <br />$.60 for $2,000 coverage of <br />spouse and $1,000 coverage <br />for children <br /> <br />Additional life based on age: <br /> <br />Age Nearest Birthday <br /> <br />Monthly Rate per $1,000 <br /> <br />Through age 29 <br />Age 30 to 39 <br />Age 40 to 44 <br />Age 45 to 49 <br />Age 50 to 54 <br />Age 55 to 59 <br />Age 60 to 64 <br />Age 65 to 69 <br /> <br />$0.10 <br />$0.12 <br />$0.23 <br />$0.38 <br />$0.60 <br />$1.00 <br />$1.43 <br />$2.20 <br /> <br />Accidental death and dismemberment may also be <br />included at a rate of $.05 per $1,000. <br /> <br />Adopted this <br /> <br />26th <br /> <br />day of <br /> <br />June <br /> <br />, 1984. <br /> <br />~f!c~ <br /> <br /> <br />,'~EST: :> .. <br /> <br />a _/ -- <br /> <br />:, ~.Egan <br />Fin~n~t D~rector/City Clerk <br /> <br />(SEAL) <br />