HomeMy WebLinkAbout1989-128
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RESOLUTION NO.
89-128
RESOLUTION OF THE CITY OF SAN BERNARDINO ADJUSTING THE
RATES FOR LONG TERM DISABILITY INSURANCE FOR MIDDLE-MANAGEMENT,
MANAGEMENT AND CONFIDENTIAL EMPLOYEES.
WHEREAS, the agreement with Standard Insurance Company
provides for periodic changes in LTD premium rates,
WHEREAS, the increase in the covered payroll plus the
experience of employees covered by the LTD plan justifies an
adjustment in premium rates,
NOW THEREFORE BE IT RESOLVED BY THE MAYOR AND COMMON
COUNCIL OF THE CITY OF SAN BERNARDINO AS FOLLOWS:
SECTION 1. Premium rates for long term disability insur-
ance for
Middle-Management,
Management
and confidential
employees, shall be set as follows effective June 1, 1989;
Management/Confidential
Middle-Management
Monthlv Rate
$21. 15/member
$21.70/member
I HEREBY CERTIFY that the foregoing resolution was duly
adopted by the Mayor and Common council of the city of San
Bernardino at a
meeting thereof, held on the
,1989, by the following vote to
regular
15th
day of
May
wit:
AYES:
Council Members
Estrada. Flores. Maudslev.
Minor Pone-Ludlam
NAYS:
Nnnp
ABSENT:
Cnnnr.; 1 Mpmhp.r~ Rp; 11 Y Mi 11 AT
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RESOLUTION OF THE CITY OF SAN BERNARDINO ADJUSTING THE RATES
FOR LONG TERM DISABILITY INSURANCE --
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~~.$J//
/' ci ty Clerk
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The foregoing resolution is hereby approved this /y~
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day of
May
, 1989 (j
~...&..-J /J~
city of San Bernardino
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Approved as to form
and legal content:
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~RA. )
ty Att ey -
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STANDARD INSURANCE COMPANY
I)
."
March 29, 1989
home office: Portland. Oregon 9720i
P.O.Box711
(503) 248-2700
City of San Bernardino
Attn: Georgia Chamberlain
Finance Office
300 North D Street
San Bernardino, CA 92418
Group Policy 602422
May 1, 1989 is the renewal date for this insurance policy which may be
continued for one year using the monthly rates shown below:
Premium Rates
Insurance CoveraRe
Through
May 31. 1989
Beginning
June 1. 1989
Long Term Disability
Suffix 01
Management/Confidential
$16.30
$21.15 Per Member
Suffix 02
Mid-Management
$19.10
$21.70 Per Member
These renewal rates have been calculated using the data provided and reflect
changes in the average insurance age, occupation, sex, and salary composition
of your insured Members at this time.
::_~~eased 0 continue
(l~egory
Group Underwriting nd
Policy Issue Department
serving your group insurance needs.
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DEDICATED TO EXCELLENCE FOR POLlCYOWNERS
,
STANDARD INSURANCE COMPANY
CITY OF SAN BERNARDINO
GROUP POLICY 602422
EXPERIENCE REPORT
LONG TERM DISABILITY
EARNED PREMIUMS
PAID CLAIMS
ACTIVE CLAIM RESERVES
IBNR RESERVES
TOTAL INCURRED CLAIMS
LESS PREMIUM TAX
OTHER EXPENSE AND RISK CHARGES
INVESTMENT CREDITS
24-10
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1
j
I
;
home office: Portland. Oregon 97207
P.o.Box711
(503) 248-2700
05/01/88
THROUGH
01/31/89
$27,410
16,702
19,033
1,596
37,331
644
6,303
DEDICATED TO EXCELLENCE FOR POLlCYOWNERS
05/01/87
THROUGH
01/31/89
$52,438
20,264
19,033
8,368
47,665
1,232
13,338
1,827-