HomeMy WebLinkAbout1974-11-06; City Council; 3229; Amendment to City's Long Term Disability PolicyT H E C�I T Y O F C A R L S B A D, C A L I 'F O R N I A
Agenda Bill No. , .iL� Date: November 6, 1974
keferred To:
Subject: AMENDMENT TO CITY'S LONG Submitted By:
TERM DISABILITY POLICY
William C. Baldwin
Asst. City Manager
Statement of the Matter
The Standard Life Insurance Company Long Term Disability Policy provides
payment to employee of 66 2/3% of their basic policy. This is paid
after deductions that the claimant may receive for any Social Security,
PERS, or Workmen's Compensation payments.
Standard Insurance Company is requesting an amendment to the contract•
heraby, even if Workmen's Compensation rules that the claimant is not
entitled to payment because of an industrial accident but a Compromise
and Release settlement is obtained, the company could then deduct this
amount.
Exhibit
Group Policy Amendment
Letter dated September 6, 1974, from Standard Insurance Company.
Staff Recommendations to the City Manager
That the City Manager be authorized to execute the amendment. .
::a No.
Citg Manager's Recommendation
Concur with staff recommendation.
Date: November 6, 1974
r
council'Action
11-6-74 The Council accepted the staff recommendation, and the City Manager
was.au-thorized to execute the amendment to•City's Long -Term
Disability Policy.