City Council

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