Carson

City Council

September 05, 2023 Item #30

Agenda Item 30

Item No. 30. 2023-0597 CONSIDER APPROVAL OF CIGNA/NEW YORK LIFE\nPOLICY RENEWALS TO PROVIDE GROUP LIFE AND\nAD&D, VOLUNTARY LIFE, SHORT TERM AND LONG\nTERM DISABILITY BENEFITS TO CITY EMPLOYEES\nRecommendation: 1. APPROVE renewal of New York Life policies for Group Life and\nAD&D Insurance, Voluntary Life, Short Term and Long Term\nDisability benefits for an additional thirty-six months with\nguaranteed rates equal to the current rates paid by City.\n2. AUTHORIZE the Mayor to sign all documents that are necessary\nto effectuate renewal of the policies.\nAttachments: Exhibit I - New York Life Renewal Rate Summary\nExhibit 2 - CIGNA 2017 Initial Client Application and Fiduciary Form