Special Notice / Hearing: None__
Vote Required: Majority
To: Honorable Board of Supervisors
From: Rocio Kiryczun, Human Resources Director
Lisa Okada, Benefits Manager
Subject: Agreement with The Standard for Life and Disability Insurance
RECOMMENDATION:
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Adopt a resolution authorizing the Human Resources Director, or her designee, to negotiate and execute a service agreement with The Standard for the purpose of providing life insurance, accidental death and dismemberment, and disability benefits for the period of January 1, 2020 to December 31, 2024, with the aggregate amount not to exceed $240,000 each year.
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BACKGROUND:
The County provides employees with employer paid Basic Life Insurance coverage and Accidental Death and Dismemberment (AD&D) benefits based on negotiated Memoranda 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 accident death or injury. Employees also have the option of buying Additional Life Insurance Coverage for themselves and their spouse or domestic partner and dependents.
The Standard also provides a Disability benefit to represented and unrepresented employees which covers 60% of salary or $95 per week. Disability insurance supplements wages when an employee is disabled and unable to work.
Basic Life Insurance
AD&D
Supplemental Life Insurance
Disability Insurance
Employee Benefit
$9,000 to $50,000
$10,000 to $110,000
$50,000 to $500,000
Up to 60% of salary
Spouse Benefit
$2,000
N/A
Up to $250,000
N/A
Dependent Benefit
$2,000
N/A
$10,000
N/A
Cost
Employer Paid
Employer Paid
Employee Paid
Employee Paid
DISCUSSION:
The Human Resources Benefits Division and Labor Management Committee conducted an RFP to solicit proposals from insurance carriers that cou...
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