Title
Consider approval of the renewal contract with Mutual of Omaha, for Life, Accidental Death and Dismemberment (AD&D), Short Term Disability and Long-Term Disability (LTD) insurance, in the amount of $264,821 as budgeted in FY 2024-2025 General Fund budget; and authorizing the City Manager to sign.
Summary
This item is presented for approval of renewing with Mutual of Omaha for Life, Accidental Death and Dismemberment (AD&D), Short Term Disability and Long-Term Disability (LTD) insurance for all eligible employees. These plans cover employees for loss of life, limbs, and disability while covered under this plan.
Fiscal Impact:
The fiscal impact of this agenda item is $264,821, which reflects no changes in rates or plan coverage from the prior year’s policy. This is budgeted in the General Fund budget for fiscal year 2024-2025.
Staff Recommendation:
Staff recommends approval of the renewal contract with Mutual of Omaha, for the procurement of Life, Accidental Death and Dismemberment (AD&D), Short Term Disability and Long-Term Disability (LTD) insurance for all eligible employees, in the amount of $264,821 as budgeted in FY 2024-2025 General Fund budget; and authorizing the City Manager to sign.
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