HomeMy WebLinkAboutMO #2656MUNICIPAL ORDER NO. 2656
A MUNICIPAL ORDER APPROVING AND ADOPTING THE GROUP LIFE INSURANCE
BENEFITS PROPOSAL WITH MUTUAL OF OMAHA IN A TOTAL ANNUAL GROUP
PREMIUM AMOUNT OF $50,276.16 FOR EMPLOYEES OF THE CITY OF PADUCAH,
AND AUTHORIZING THE MAYOR TO EXECUTE ALL DOCUMENTS RELATED TO
SAME
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:
LIFE
CURRENT MONTHLY
PREMHJM
RENEWAL MONTHLY
PREMIUM
RENEWAL MONTHLY
PREMIUM CHANGE
$3,788.07
$4,079.46
$291.39
X1:1
CURRENT MONTHLY
PREMHJM
RENEWAL MONTHLY
PREMIUM
RENEWAL MONTHLY
PREMIUM CHANGE
$110.25
$110.25
$0.00
SECTION 2. That the City of Paducah hereby accepts and approves the Group
Insurance Renewal with Mutual of Omaha Insurance Company, for Basic Term Life and AD&D,
Voluntary Term Life and AD&D, and the Employee Assistance Program (EAP) for the
employees of the City of 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, 2023.
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.
"Mayor Ge g
ATTE
mdsay Parte, City Clerk
Adopted by the Board of Commissioners, October 11, 2022
Recorded by Lindsay Parish, City Clerk, October 11, 2022
\mo\Group Life Insurance Mutual of Omaha 2023