263562 WH17E - CITV CLERK C011I1C11 �����/
PINK '�- FINANCE GITY OF SAINT PAUL t N
CANARY - DEPARTMENT
I�LUE - MAYOR File NO.
' Council Resolution
: �. Presented By •
i
, Referred To Committee: Date
Out of Committee By Date
WfIEftEAS, The City of Saint Paul and Independent School District No. 625
have established a group life insurance program for their e�nployees insured by
Minnesota Mutual Life Insurance Company. The City and School District provide and
pa.y the premiums for $5,000 insurance for each employee; and
WHF�tEAS, The employees m�y a� their option and expense secure an a�:��ional
amount of life insurance up to a ma�cimum limit of $15,000 i'rom the Minnesota Mut�a1
Life Insurance Compar�y under their polie�.es No. 1520G and No. 365379G for a eomlained �
total of $20,000; now, therefore, be it
RESOLVID, That upon the recom¢nendation of the Health and Welfaxe Insv��tee
Advisory Committee, the m�imum limit of said optional life insurance be increased
to $�+5,000 for a total limit of insurance ava.ilable for an employee to $50,000; be
it
FURTHER RESOLVID, That this additional amount of insurance, $30,000 over
the present limit, be issued at the same premi.um rate that applies to the initial
$15,000 insurance; but in b].ocks of $5,000 each atld subject to the underwrit3.ng
standards of the Compat�y; and be it
FURTHII� RESOLVID, That the experience of' the insurance issued in excess
of the basic $15,000 optional coverage, be computed on said exeess in such a way as
not to adversely effeet the experienee and divi.dend earned on the basic amaut�t of
$15,000. An insurance pool or reserve may be established by the Minnesota I�tua.l
Life Insurance Company to achieve this resul.t; and be it
FURTHER RE�SOLVID, That the master policies of the Minnesota Mutual LiPe
Insurance Company ma.y be modified to conform with this resolution and the appropriate
amendments to said master policies be prepared by the Minnesota Mutual Life Insurance
Company and su'bmitted to the City for approval, and be it
FINALLY RESOLVID, That the City Clerk is directed to transmit a copy of
this resolution to the Minnesota Mutusl Life Insurance Company.
COUIVCILMEN Requested by Department of:
Yeas Nays
Hun t
Konopatzki In Favor
�s�or� , /
Meredith �� Against BY
Sprafka
Tedesco
Mme.President Butler
Adopted by Council: Date MAY 2 4 1974 Form A ved by City Attorney
Certi ' � as ed Council Secret�ry BY �
By
Approved y Mayor: te "'^ 7`i' Approve i ion Council
gy By
P�16LtSHED �UN � ;���
' , � =e ,� F��'���-��� Director oi Personnel
Civ Service Carmmisslon
Mrs. uth D. Schwarzwalder, Chafrman � � + AVL John S. Haider
Mr. Harry H. Gaston e g � ' �
Mr.A. R.(Dick) Zangs CIVIL S E OFFICE Assistant Director
+ '' Thomas D. Gleason
� � k 3 f 1I t � t f f o e
ST. PAU L, M I N N ESOTA 55102
1
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�
� Ma.y 10, 197�
a�
n
�
Mr. I�ank Marzite]1i
City Administrator
365 city H�a.s.
Saint Paul, Minnesota
Dear Mr. Marzitelli:
We axe attachin� hereto a resolution which was una.nimously recommended. 'by
the Health and Welfare Insurance Advisory Committee for Council approval.
This resolution provides the evnployees, at their own expense, the opportu-
nity to purchase additional group term life insurance up to a total li.m:i.t
of $50,000 under the City Group Contracts.
We ask that you review this resolution and, if you approve it, have it
brought before the Council for their action.
Sincerely yovrs,
Health and Welfare Insurance
Advisory Co�nittee
� Q�v..`'�,.�
�
JO C. DEVLIN, Secretary
JCD�lj
att. �PPR��'ED S-/s-7�
. �,
R. ,er A. Mat#:s�r� ,�
E iget �or .� ,..r;`
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�`�AkAGEME N�*h
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