HomeMy WebLinkAboutR2008-09 Life & Long-Term Disability Insurance Rate Reduction•
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RESOLUTION 2008-09
A RESOLUTION OF THE VILLAGE COUNCIL OF THE VILLAGE OF NORTH
PALM BEACH, FLORIDA, ACCEPTING THE PROPOSAL OF THE
STANDARD TO PROVIDE LIFE, ACCIDENTAL DEATH AND
DISMEMBERMENT, LONG TERM DISABILITY AND SUPPLEMENTAL LIFE
INSURANCE POLICIES FOR VILLAGE EMPLOYEES AND AUTHORIZING
THE CANCELLATION OF EXISTING POLICIES; PROVIDING FOR
CONFLICTS; AND PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, Gehring Group has provided the Village with proposals from various insurance
companies to provide Village employees with life, accidental death and dismemberment
("AD&D"), long term disability ("LTD") and supplemental life insurance policies; and
WHEREAS, Village Administration recommends the acceptance of the proposal submitted by
The Standard to provide such insurance coverage and a reduced cost to the Village; and
WHEREAS, the Village Council determines that acceptance of the proposal submitted by The
Standard is in the best interests of the Village and its residents.
NOW, THEREFORE, BE IT RESOLVED BY THE VILLAGE COUNCIL OF NORTH PALM
BEACH, FLORIDA as follows:
Section 1. The foregoing recitals are hereby ratified and incorporated herein.
Section 2. The Village Council hereby accepts the proposal submitted by The Standard to
provide Village employees with life, AD&D, LTD and supplemental life insurance polices. The
Village Council further authorizes Village Administration to take all actions necessary to
implement these insurance policies and to cancel the policies currently in effect.
Section 3. All resolutions or parts of resolutions in conflict herewith are hereby repealed to
the extent of such conflict.
Section 3. This Resolution shall take effect immediately upon adoption.
PASSED AND ADOPTED THIS 24th DAY OF JANUARY. 2008.
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.Village Seal)...
'ATTEST:
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VILLAGE CLERK
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