HomeMy WebLinkAboutMO #2419MUNICIPAL ORDER NO. 2419
A MUNICIPAL ORDER AMENDING MUNICIPAL ORDER NO. 2398
ENTITLED, "A MUNICIPAL ORDER APPROVING AND ADOPTING THE GROUP LIFE
INSURANCE BENEFITS PROPOSAL WITH MUTUAL OF OMAHA IN A TOTAL
ANNUAL GROUP PREMIUM AMOUNT OF $44,453.40 FOR EMPLOYEES OF THE CITY
OF PADUCAH, AND AUTHORIZING THE MAYOR TO EXECUTE ALL DOCUMENTS
RELATED TO SAME," TO REMOVE THE PREFERRED CHOICE VOLUNTARY SHORT-
TERM DISABILITY AND VOLUNTARY LONG-TERM DISABILITY
BE IT ORDERED BY THE BOARD OF COMMISSIONERS OF THE CITY OF
PADUCAH, KENTUCKY:
SECTION 1. That the City of Paducah approves and adopts the following group
life insurance premiums for employees of the City of Paducah:
COST SUMMARY
Employee Term Lite
Employee AD&D
Total
Tocol Monthly
Numb4roilJves
Vofume
Total Mcntfzty
Monthly Rate
Premium
Total ilnttual
Premium
438 $4.622.500
$0.781$1,000 $3405.55
543266.60
136 54.945.000
50.021$1.000 598.90
$1,166.80
- -
- $3,704AS
$14,453.40
SECTION 2. That the City of Paducah hereby accepts and approves the Group
Insurance Proposal with Mutual of Omaha Insurance Company dated September 16, 2020, for
Basic Term Life and AD&D and Voluntary Term Life and AD&D, [PrefeFfedCeiee Veli nl r
Shoi4 To,..,., Disability „a Vela +a , Long To...�, Disability] for the employees of the City of
IJ 11Vl 1. 1 Vllll
Paducah and authorizes the Mayor to execute all documents related to same.
SECTION 3. That the premiums for the Group Life Insurance Plan, for
employees of the City of Paducah, adopted in Section 1 & 2 above, shall become effective
January 1, 2021.
SECTION 4. This expenditure will be charged to various accounts.
SECTION 5. This order shall be in full force and effect from and after the date of
its adoption.
Bran i Harless, Ma r
ATTES
Lindsay Parish, City Jerk
Adopted by the Board of Commissioners, December 15, 2020
Recorded by Lindsay Parish, City Clerk, December 15, 2020
\mo\Group Life Insurance Mutual of Omaha 2021 — AMENDED