Special Notice / Hearing: None
Vote Required: Majority
To: Honorable Board of Supervisors
From: Rocio Kiryczun, Human Resources Director
Kim Pearson, Benefits Manager
Subject: Agreement with The Standard for Life and Disability Insurance
RECOMMENDATION:
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Adopt a resolution authorizing:
A) A three-year agreement with The Standard for the purpose of providing life insurance, accidental death and dismemberment, and disability benefits for the period of January 1, 2025 to December 31, 2027 with the aggregate County cost not to exceed $150,000 each year; and
B) The Director of Human Resources to execute contract amendments which modify the County's maximum fiscal obligation by no more than $25,000 (in aggregate), and/or modify the contract term and/or services so long as the modified term or services is/are within the current or revised fiscal provisions.
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BACKGROUND:
The County provides benefited employees with employer-paid Basic Life Insurance coverage and Accidental Death and Dismemberment (AD&D) benefits based on applicable negotiated Memorandum of Understanding and Board Resolutions. Basic Life Insurance provides employees with financial support by promising to pay a benefit in the event of an employee's death. AD&D insurance helps provide additional financial protection for employees and their families in the event of a covered accidental death or injury. 5,662 employees are currently enrolled in the Basic Life Insurance and AD&D plans.
Employees also have the option of buying Additional Life Insurance Coverage for themselves, their spouse or domestic partner, and dependents, at their own expense. 2,607 employees are currently enrolled in Additional Life Insurance and 1,535 employees are enrolled in Additional Spouse or Dependent Life Insurance.
The Standard provides a basic short-term disability insurance plan for newly benefited employees during their first seven months of employment and an optional voluntary short...
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