Agenda

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County Administrator's Report 16. 14.

BCC Regular Meeting

Budget & Finance Consent

Meeting Date:	07/25/2013
Issue: Recommendation Concerning Voluntary Long Term Disability Insurance
From:	Thomas Turner
Department:	Human Resources
CAO Approval:

RECOMMENDATION:

Recommendation Concerning Voluntary Long Term Disability Insurance - Thomas G. "Tom" Turner, Human Resources Department Director

That the Board take the following action concerning Voluntary Long Term Disability Insurance (PD 08-09.042):

A. Amend the National Insurance Services of Wisconsin Insurance Trust Joinder Agreement for Long-Term Disability Insurance, PD 12-13.029, to:

1. Increase the maximum monthly benefit to $5,000 for all long-term disability plans;

2. Reduce the premiums of the County’s current long-term disability plans. The coverage level of 40% of salary with a 180 day elimination period will decrease from $.00175 to $.00166 per salary dollar; the coverage level of 50% of salary with a 180 day elimination period will decrease from $.00220 to $.00209 per salary dollar; and the coverage level of 50% of salary with a 90 day elimination period will decrease from $.00260 to $.00247 per salary dollar; and

3. Add a plan that will cover 60% of an employee’s annual covered salary up to $100,000, with a maximum monthly benefit of $5,000 and a 180 day elimination period at $.0028 per salary dollar; and

B. Authorize the Interim County Administrator to sign the National Insurance Services of Wisconsin Insurance Trust Joinder Agreement for Long-Term Disability Insurance.

[Funding Source: Fund 501, Internal Service Fund]

BACKGROUND:

Due to the County’s favorable claims history for the last two years, staff recommends raising the maximum benefit to $5,000 and establishing a new plan with a coverage level of 60% of salary with a 180 day elimination period. The County will be able to reduce the premiums of the other three long term disability plans for employees.

BUDGETARY IMPACT:

There is no budgetary impact.

LEGAL CONSIDERATIONS/SIGN-OFF:

N/A

PERSONNEL:

The Human Resources Department will conduct open enrollment meetings and service all employee groups. We will advise all appointing authorities (payrolls) of any administrative changes in the program.

POLICY/REQUIREMENT FOR BOARD ACTION:

N/A

IMPLEMENTATION/COORDINATION:

A Voucher will be the instrument utilized for making payment against the Contract. The Human Resources Department will coordinate with the County Attorney’s Office, and other appointing authorities to ensure changes are made.

Attachments
LTD Insurance