HomeMy WebLinkAbout18-117CITY OF LAKEVILLE
RESOLUTION NO. 18-117
RESOLUTION AUTHORIZING THE PURCHASE OF LIFE
AND LONG-TERM DISABILITY INSURANCE
WHEREAS, the City Council has authorized the purchase of $25,000 life insurance benefits for
eligible employees and $1,000 life insurance benefits for dependents per Personnel Policy 6.61;
and
WHEREAS, the City Council has authorized the purchase of long-term disability insurance for
eligible employees per Personnel Policy 6.61.
NOW, THEREFORE, BE IT RESOLVED the City Council of the City of Lakeville approves as
follows:
1. That the proposal from Ochs, Inc. for life insurance and long-term disability insurance is
acceptable. Minnesota Life Insurance Company is the underwriting company for life
insurance and Madison Nation Life Insurance Company is the underwriting company for
long-term disability.
2. That the agreement to provide life insurance is acceptable with Minnesota Life Insurance
Company and the agreement to provide long term disability insurance is acceptable with
Madison National Life Insurance Company. Rates are guaranteed for life insurance and
long-term disability through 1213112021.
3. That the City Administrator is hereby authorized and directed to sign the necessary
agreements and implement the coverage for life insurance and long-term disability
insurance.
ADOPTED by the Lakeville City Council this 15th day of October 2018
Ic
Douglas P. Anderson, Mayor
Charlene Friedges, City Cf