Item Coversheet

CITY OF RIVIERA BEACH CITY COUNCIL
AGENDA ITEM SUMMARY

Meeting Date: 9/20/2017 
Agenda Category:CONSENT RESOLUTION
Subject: RESOLUTION AUTHORIZING PLACEMENT OF THE CITY'S LIFE INSURANCE AND VOLUNTARY DISABILITY  INSURANCE WITH UNUM FOR FISCAL YEAR 2017-2018, COMMENCING OCTOBER 1, 2017 THROUGH SEPTEMBER 30, 2018. 
Recommendation/Motion: THAT CITY COUNCIL AUTHORIZES THE PLACEMENT OF THE CITY'S LIFE & VOLUNTARY INSURANCE  WITH UNUM INSURANCE, BEGINNING POLICY YEAR OCTOBER 1, 2017 THROUGH SEPTEMBER 30, 2018.
Originating Dept HUMAN RESOURCES  Costs $73,215.36 Basic Life Insurance  
User Dept.HUMAN RESOURCES Funding SourceVARIOUS DEPARTMENTAL ACCOUNTS
AdvertisedNo Budget Account Number
FY 2017-2018
Date   
Paper   
Affected PartiesNotified   
Background/Summary: 
THE CITY'S  RISK MANAGEMENT DIVISION OF THE HUMAN RESOURCES DEPARTMENT DIRECTED THE AGENT OF RECORD, RICHARD S. BERNSTEIN & ASSOCIATES, INC.,  TO  SECURED  RENEWAL QUOTES  FOR  LIFE INSURANCE COVERAGE FOR THE UPCOMING FISCAL YEAR 2017-2018.   THEIR NEGOTIATIONS HAVE SECURED A 15% RATE INCREASE FROM UNUM FOR FY 2017-2018 AND  STAFF RECOMMENDS PLACING THE CITY'S LIFE INSURANCE  VOLUNTARY DISABILITY INSURANCE WITH UNUM AT A TOTAL ESTIMATED COST OF 73,215.36 COMENCING OCTOBER 1, 2017 THROUGH SEPTEMBER 30, 2018. 
Fiscal Years20172018
Capital Expenditures
Operating Costs
External Revenues
Program Income (city)
In-kind Match (city) 
Net Fiscal Impact
NO. Additional FTE Positions
(cumulative)

III. Review Comments

A. Finance Department Comments:
 
B. Purchasing/Intergovernmental Relations/Grants Comments:
 
C. Department Director Review:
Contract Start Date 
Contract End Date
Renewal Start Date
Renewal End Date
Number of 12 month terms this renewal
Dollar Amount
Contractor Company Name
Contractor Contact
Contractor Address
Contractor Phone Number
Contractor Email
Type of Contract
Describe
ATTACHMENTS:
File NameDescriptionUpload DateType
RESOLUTION_-LIFE_INSURANCE_2017-2018.docResolution- Unum Life Insurance FY 17-189/13/2017Cover Memo
UNUM_renewal_Rates.pdfFY 17-18 Renewal Rate9/9/2017Cover Memo
LIFE_INSURANCE_(UNUM)_-_RFP_508-15.pdfFY 15-17 Unum Rates 8/20/2015Cover Memo
REVIEWERS:
DepartmentReviewerActionDate
Human ResourcesAnswererApproved9/13/2017 - 6:49 PM
PurchasingAnswererApproved9/13/2017 - 7:00 PM
Financesherman, randyRejected9/14/2017 - 8:20 AM
Human ResourcesAnswererRejected9/14/2017 - 9:44 AM
Human ResourcesSullin, MarieApproved9/14/2017 - 10:35 AM
Human ResourcesSullin, MarieApproved9/14/2017 - 10:36 AM
PurchasingAnswererApproved9/14/2017 - 12:19 PM
Financesherman, randyApproved9/14/2017 - 3:43 PM
AttorneyAnswererApproved9/14/2017 - 4:05 PM
City ClerkRobinson, ClaudeneApproved9/14/2017 - 4:28 PM
City ManagerAnswererApproved9/14/2017 - 4:35 PM