07/26/2011 Resolutions 2011-185RESOLUTION 2011 -185
Whereas, the City provides life insurance to employees and their
dependents as prescribed in labor agreements and as authorized by the City of Grand
Island Personnel Rules; and
WHEREAS, the City of Grand Island advertised a request for proposal for
its Life Insurance benefit; and
WHEREAS, the Human Resources Department reviewed proposals for
vendor selection; and
WHEREAS, Strong Financial Resources, Inc. of Aurora brought in the
proposal by Aetna Insurance that best met the criteria used to evaluate the companies as
well as the most competitive pricing; and
WHEREAS, The cost for Life Insurance benefit will be .13 cents per
thousand for employee coverage and .74 cents per family unit for family coverage; and
WHEREAS, the contract will commence on August 1, 2011 and will
renew annually through July 31, 2014 and the proposed rate is guaranteed for a three year
contract period; and
WHEREAS, employees may have the ability to purchase supplemental
coverage at their own expense;
NOW, THEREFORE BE IT RESOLVED BY THE MAYOR AND
COUNCIL OF THE CITY OF GRAND ISLAND, NEBRASKA, that the Life Insurance
contract with Aetna is hereby approved.
Adopted by the City Council of the City of Grand Island, Nebraska, July 26, 2011.
Attest:
RaNae Edwards, City Clerk
Jay f avricek, Mayor
Approved as to Form a
July 25, 2011 a City Attorney