HomeMy WebLinkAbout2006-26293 Reso
RESOLUTION NO. 2006-26293
A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY
OF MIAMI BEACH, FLORIDA, AUTHORIZING THE ADMINISTRATION TO
ENTER INTO CONTRACT NEGOTIATIONS FOR THE RENEWAL OF THE
CITY'S STATUTORY ACCIDENTAL DEATH AND DISMEMBERMENT
POLICY WITH HARTFORD LIFE; AND FURTHER AUTHORIZING THE
MAYOR AND CITY CLERK TO EXECUTE A CONTRACT WITH HARTFORD
LIFE, UPON COMPLETION OF SUCESSFUL NEGOTIATIONS, FOR AN
ANNUAL PREMIUM NOT TO EXCEED $15,985.00; AS RECOMMENDED BY
ARTHUR J. GALLAGHER AND CO., THE CITY'S BROKER OF RECORD.
WHEREAS, Florida State Statutes 112.19 and 112.191 requires municipalities
to provide $50,000 in Accidental Death & Dismemberment Insurance (AD&D) to all law
enforcement officers and firefighters; and
WHEREAS, the renewal of the City's statutory life for 343 sworn Police Officers
and 225 Firefighters includes a decrease from $17,007 to $15,985, representing a three
year savings to the City of $3,066; and
WHEREAS, Hartford Life has provided the City of Miami Beach a three year
renewal rate of $47,955.00 payable in annual installments of $15,985.00 providing
continued statutory AD&D coverage through September 30, 2009; and
WHEREAS, Arthur J. Gallagher & Co., the City's broker of record for group
employee health benefits, recommends the renewal of the City's statutory AD&D policy
with Hartford Life; and
WHEREAS, the Administration recommends renewing with Hartford for an
estimated annual premium installment not to exceed $15,985.00.
NOW, THEREFORE, BE IT DULY RESOLVED BY THE MAYOR AND CITY
COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, that the Mayor and City
Commission of the City of Miami Beach, Florida, authorize renewal of the statutory life
program with Hartford Life, for an annual premium not to exceed $15,985.00.
PASSED and ADOPTED this 6th day of September
,2006.
~'K f(l;L~
CITY CLERK
Robert Parcher
David Dermer
APPROVED ~ TO
FORM & LANGUAGE
& FOR execUTION
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Ci'ly ~ DaI-e
T:\AGENDAI2006\sep0606IconsentIHartford Statutory ADD-Reso.doc
COMMISSION ITEM SUMMARY
Condensed Title:
A resolution authorizing the Administration to renew with Hartford Life, the City's current
provider of statutory Accidental Death and Dismemberment Insurance (AD&D), the statutory
AD&D program and authorizing the Mayor and City Clerk to execute an agreement for an
estimated annual premium not to exceed $15,985.00
Ke Intended Outcome Su orted:
Ensure expenditure trends are sustainable over the long term; Attract and maintain a quality
workforce.
Issue:
I Shall the City renew the current contract for statutory life insurance?
Item Summa IRecommendation:
Florida State Statutes 112.19 and 112.191 requires municipalities to provide $50,000 in
Accidental Death & Dismemberment Insurance (AD&D) to all law enforcemen~ officers and
firefighters. The renewal of the City's statutory life for 343 sworn Police Officers and 225
Firefighters includes a decrease from $17,007 to $15,985, representing a three year savings to
the City of $3,066. Hartford Life has provided the City of Miami Beach a three year renewal rate
of $47,955.00 payable in annual installments of $15,985.00 providing continued statutory AD&D
coverage through September 30, 2009.
The renewal of the statutory life program indicates that the City's continued review of the
programs offered is an important process for controlling health insurance costs while
rovidin affordable, uali ro rams to the em 10 ees of the Ci of Miami Beach.
Advisory Board Recommendation:
I N/A
Financial Information:
Source of
Funds:
Approved
1 $15,985.00
Police and Fire Departments
aSPI To
Financial Impact Summary:
Ci Clerk's Office Le islative Trackin
Mayra Diaz Buttacavoli, Director of Human Resources and Risk Management
irector
City Manager
m
,.,
MIAMI BEACH
AGENDA ITEM
DATE
C7H
9-6 -0(;.
~
MIAMI BEACH
City of Miami Beach, 1700 Convention Center Drive, Miami Beach, Florida 33139, www.miamibeachA.gov
COMMISSION MEMORANDUM
TO:
Mayor David Dermer and Members of the City Commission
FROM:
Jorge M. Gonzalez, City Manager ({...-- 0-
September 6, 2006 d
DATE:
A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF
MIAMI BEACH, FLORIDA, AUTHORIZING THE ADMINISTRATION TO ENTER
INTO CONTRACT NEGOTIATIONS FOR THE RENEWAL OF THE CITY'S
STATUTORY ACCIDENTAL DEATH AND DISMEMBERMENT POLICY WITH
HARTFORD LIFE; AND FURTHER AUTHORIZING THE MAYOR AND CITY
CLERK TO EXECUTE A CONTRACT WITH HARTFORD LIFE, UPON
COMPLETION OF SUCESSFUL NEGOTIATIONS, FORAN ANNUAL PREMIUM
NOT TO EXCEED $15,985.00; AS RECOMMENDED BY ARTHUR J.
GALLAGHER AND CO., THE CITY'S BROKER OF RECORD.
ADMINISTRATION RECOMMENDATION:
SUBJECT:
Adopt the Resolution.
ANALYSIS:
Florida State Statutes 112.19 and 112.191 requires municipalities to provide $50,000 in
Accidental Death & Dismemberment Insurance (AD&D) to all law enforcement officers and
firefighters. The renewal of the City's statutory life for 343 sworn Police Officers and 225
Firefighters includes a decrease from $17,007 to $15,985, representing a three year savings
to the City of $3,066. Hartford Life has provided the City of Miami Beach a three year
renewal rate of $47,955.00 payable in annual installments of $15,985.00 providing continued
statutory AD&D coverage through September 30,2009.
Summary:
Arthur J. Gallagher & Co., the City's broker of record for group employee health benefits,
recommends the renewal of the City's statutory AD&D policy with Hartford Life
(Attachment A).
ADMINISTRATION RECOMMENDATION
The Administration recommends renewing with Hartford for annual premium installments not
to exceed $15,985.00.
JMG:MDB:sr
ATTACHMENT A
Gallagher Recommendation
G
Gallagher Benefit Services, Inc.
A Subsidiary of Arthur J. Gallagher & Co.
August 25, 2006
Ms. Sue Radig, Benefits Administrator
City of Miami Beach
1700 Convention Center Drive
lvfiami Breach, Florida 33139
Re: Statutory Accidental Death & Dismemberment
Dear Sue,
We have reviewed the rene\val for the above-mentioned coverage, which currently covers
three hundred forty three full-time law enforcement and two hundred t\venty five
firefighters. Gallagher Benefit services recommend renewal with Hartford Life for the
following reasons:
1) Premiums have been guaranteed for a period of three years
2) Annual premium has been reduced from $17,007 to $15,985, representing a three-
year savings to the City of $3,066.
Should you have any questions or wish to discuss, please contact me at 561-998-6733. As
always, we appreciate the opportunity to assist the City with their employee benefits
package.
One Boca P!(1ce
2255 ClIauHs Road. Suite 400 E
Boca Raton. FL. 33431
561.9956706
Fax 561.995.6708
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