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File #: 2023-305   
Type: Resolution Status: Agenda Ready
File created: 9/11/2023 In control: City Council
On agenda: 9/28/2023 Final action: 9/28/2023
Title: Consider a resolution authorizing the renewal and enhancement of the City's Short Term Disability Policy with Madison National Life Insurance Company, Inc. for the period of January 1, 2024 through December 31, 2025.
Attachments: 1. Resolution, 2. Short-Term Disability Plan Design

Title

Consider a resolution authorizing the renewal and enhancement of the City's Short Term Disability Policy with Madison National Life Insurance Company, Inc. for the period of January 1, 2024 through December 31, 2025.

 

Body

This is a renewal and enhancement for the Short Term Disability Policy with Madison National Life Insurance Company, Inc. for an additional two (2) years for a 0% rate increase.  This will increase the weekly maximum benefit coverage from $1,000 to $1,200. This is a voluntary policy paid for by the employee so there is no cost to the City.