Legislation Details

File #: 26-01246    Version: 1
Type: Resolution Status: Agenda Ready
In control: Finance and Personnel Committee
On agenda: 10/13/2026 Final action:
Title: Contract Renewal: Employer-Paid Group Term Life Insurance 2027 for City of Rockford employees with Metropolitan Life Insurance for the contract amount/rates of $0.08 per $1,000.00 of life insurance coverage and $0.025 per $1,000.00 of AD&D coverage. At the current employee count the total estimated annual premium will be $74,000.00. The contract duration is one (1) year. The funding source is the Health Insurance Fund.
Attachments: 1. Contract Renewal - Employer-paid group term life insurance 2027 for City of Rockford employees with Metropolitan Life Insurance - $0.08 per $1,000.00 life insurance and $0.025 per $1,000.00 AD&D - $74,000.00 - FINAL
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Contract Renewal: Employer-Paid Group Term Life Insurance 2027 for City of Rockford employees with Metropolitan Life Insurance for the contract amount/rates of $0.08 per $1,000.00 of life insurance coverage and $0.025 per $1,000.00 of AD&D coverage. At the current employee count the total estimated annual premium will be $74,000.00. The contract duration is one (1) year. The funding source is the Health Insurance Fund.