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AGENDorEM INFORMATION SUMMOt
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GENERAL INFORMATION:
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Subject
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AuthOr~ a _~a~
Ex!. (Di'1
Ward_au.. Project Area 41J...
Budget Authority
Date
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Adminis_ Deputy
ManagerlSupenlisor
CITY DEPARTMENTAL REVIEW:
Date
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By
By
Committee CommissionlCouncil
Filing Dates ~ Y II ~/ r;-1
MeetingDates ~ ~
Funding Requirements
CLEARANCES:
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RDA COmmittee recommendBtlonm.L.iZ S) 0//19
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INFORMATIONAL DATA FORWARDED TO CITY DEPARTMENTs/COUNCIL OFFICES:
Sent to
Mayor's Office
Council Ward
Council Ward
Council Ward
Council Ward
Department
Department
By
Date
COMMENTS/CONCERNS: Include pel1lnent comments and concerns of offices and persons clearing the
summary, such as controversial Issues, time constraints and funding complications. Indicate dates when
action must be taken.
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RDA .174
REV. 6-29-89
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- Redevelopment Agency · City of San Bernardino
~Nonh "D- S1reeI, FounhFloor . SIIlBomardiIIo, CaJjfamia 92418
(714) 384-S081 FAX (714) 888-9413
. Pride ./
'3lnProgretis
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SIn. R. Dukett
ExOCUlive I>ireclor
AUGUST 8, 1989
LONG-TERM DISABILITY PROGRAM
Synopsis of Previous Commission/Council/Committee Action:
(COMMUNITY DEVELOPMENT COMMISSION)
Recommended Motion:
Approve the Installatton of a Long-Term disability (LTD) Insurance program to
cover employees of the Agency.
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Supporting data attached: Yes
FUNDING REQUIREMENTS:
Ward:
All
Project: All
Commission Notes:
SD:AB:kp:1389S
Agenda of: ~st 21,
Item No.
1989
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Redevelopment Agency
STAFF REPORT
This Is to request that the Commission approve the installation of a
Long-Term Disability (LTD> Insurance program to cover employees of the Agency.
BACKGROUND
In May. 1989, quotations were solicited from several Insurance brokers to
research the feasibility of providing an LTD insurance program for employees
of the Agency. The disability program would provide Insurance protection In
the event an employee becomes disabled from a non-work related injury or
Illness and Is the same type of program already available to the
management/confidential employees of the City.
Due to the small number of employees In the Agency and the limited number of
Insurance companies that offer LTD coverage to public employers, only four
quotations were received. The four quotations were:
Company
1. Standard Insurance Co.
2. Unlonmutual (UNUM)
3. PrincIpal Mutual
4. Guarantee Mutual
Option #1*
.472% of payroll
.55% of payroll
. 82% of payroll
. 84% of payro 11
Option #2**
.413% of payroll
. 46% of payro 11
.75% of payroll
. 64% of payroll
*60-day elImination period
** 90-day elimination periOd
Based upon the above quotations, Option #1 .submltted by Standard Insurance
Co. appears. to be the most cost-effectl ve .program. Standard Insurance Co. Is
rated A+ by Best's Ratings and is the same company currently providing
disability coverage for City employees. The rates have been guaranteed by
Standard for a two-year period and will cost the Agency approxImately $329
per month. Funding Is available and may be approved In accordance with the
Agency's continuing budget resolution adopted on June 19. 1989.
It Is, therefore, recommended that the Commission approve the Installation of
a Long-Term Disability insurance program for Agency employees to be effectIve
September 1, 1989.
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