HomeMy WebLinkAbout9592 - Group Health & Life Insurance BenefitsRESOLUTION NO. 9592
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
• OF NEWPORT BEACH CONTINUING TO CONTRACT WITH
THE PRUDENTIAL INSURANCE COMPANY OF AMERICA
TO PROVIDE GROUP HEALTH AND LIFE INSURANCE
BENEFITS FOR CITY EMPLOYEES
WHEREAS, on July 14, 1975, the Newport Beach City
Council adopted Resolution No. 8552 awarding a contract to the
Prudential Insurance Company of America providing group health
and life insurance benefits for City employees; and
WHEREAS, said health and life insurance policies have
been continued in effect by City Council action each succeeding
fiscal year; and
WHEREAS, the City Council wishes to provide said
insurance for Fiscal Year 1979/80 with an increase of 15% in
health plan premium,
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 Prudential Insurance Company of America to
provide group health and life insurance benefits for City
employees.
BE IT FURTHER RESOLVED that the City Manager is
authorized to renew said insurance 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
June
L . . .N.M.
ATTEST:
City Clerk
�� AS OfiIGIPdl01.
............._t_...... �....._....._..... ... .... _..._...
CITY CLERK CIF THE CITY OR NEWP T BCA=
JUN 2 8 1979.
DATE, ���._............_......
1979.
DDO /kb
6/20/79