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HomeMy WebLinkAbout9593 - Employee Group Disability Income InsuranceRESOLUTION NO. 9593 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH APPROVING EMPLOYEE GROUP DISABILITY INCOME INSURANCE WITH THE STANDARD INSURANCE COMPANY WHEREAS, on May 15, 1970, the long -term Group Disability Income Insurance Plan with the Standard Insurance Company was approved by the City Council; and WHEREAS, the City Council has reviewed the Standard Insurance Company Group Disability Income Insurance Plan and wishes to renew said policy on an ongoing basis, NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Newport Beach finds and determines that it would be in the best interest of the City of Newport Beach to continue to contract with the Standard Insurance Company to provide employee group disability income insurance benefits for City employees. BE IT FURTHER RESOLVED that the City Manager is authorized to renew said insurance plan for subsequent fiscal years so long as the cost for said insurance is within the amount budgeted and approved for that fiscal year. ADOPTED this 25th day of JUN 2 8 1979 DM a June , 1979. 414 MPI 11=11A A � VA � DDO /kb 6/20/79 ATTEST: C ty Clerk ERTMED AS H ORIGINAL ............ _._........... .._ ......... . -._.._ . CRY CLERK OF THE CITY OF NV*T= JUN 2 8 1979 DM a June , 1979. 414 MPI 11=11A A � VA � DDO /kb 6/20/79