96-8337r
12
RESOLUTION NO. 8337
RESOLUTION APPROVING INCREASE IN
LONG TERM DISABILITY BENEFIT
WHEREAS, the City Council approves the benefits for City of Richfield
employees; and
WHEREAS, the City of Richfield offers a long term disability benefit to its
General Services, Management, Labor & Trade,s and Police Supervisors groups of
employees; and
WHEREAS, the City has the opportunity to increase the long term disability
coordination from 70 to 75% All Sources Maximum for the minimal increase in premium
from $.36 per hundred dollars salary to $.37 per hundred dollars salary; and
WHEREAS, the City's budget can absorb the additional increase in premium for
the remainder of 1996.
NOW, THEREFORE, BE IT RESOLVED that the City Council does hereby
approve the increased coordination of the long term disability benefit from 70 to 75%
All Sources Maximum for the General Services, Management, Labor & Trades and
Police Supervisors groups of employees.
BE IT FURTHER RESOLVED that the City Manager is hereby authorized to
execute the increase in benefit on behalf of the City of Richfield.
Adopted by the City Council of the City of Richfield, Minnesota this 8th day of
April, 1996.
~~[LJ7
Martin J. Kir , Mayor
ATTEST:
'lturmb/j P Q~
Thomas P. Ferber, City Clerk