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RESOLUTION NO.9155
RESOLUTION AUTHORIZING THE CITY MANAGER TO EXECUTE
AN AGREEMENT WITH FORTIS BENEFITS INSURANCE COMPANY FOR
LONG-TERM DISABILITY INSURANCE BENEFITS
WHEREAS, the City has provided long-term disability insurance benefits to many of
its employees since 1982; and
WHEREAS, the City is required by Minnesota statutes to request proposals for
group insurance coverage at least once every five years; and
WHEREAS, the City requested proposals for long-term disability insurance for
benefit years beginning in 2002; and
WHEREAS, the City made benefit and cost comparisons evaluating all of the
proposals, using written criteria; and
WHEREAS, Fortis provided the lowest premium cost and met all of the City's
criteria; and
WHEREAS, the proposed premium rate will be the same for 2002 and increase only
$.02 per $100 of covered payroll for the second year.
NOW, THEREFORE, BE IT RESOLVED the City Manager is authorized to execute
an agreement with Fortis Benefits Insurance Company for long-term disability insurance
benefits for the two-year period beginning April 1, 2002.
Adopted by the City council of the city of Richfield, Minnesota this 1ih day of March,
2002.
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Martin J. h, Mayor
ATTEST:
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Nancy Gibb ,City Clerk