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HomeMy WebLinkAboutR-2019-039 Group Term Life Insurance Kansas City Life Insurance Company RESOLUTION NO. R-2019-039 A RESOLUTION ESTABLISHING GROUP TERM LIFE INSURANCE BENEFITS BEGINNING JULY 1, 2019. BE IT RESOLVED BY THE BOARD OF ALDERMEN OF THE CITY OF RIVERSIDE, MISSOURI AS FOLLOWS: THAT the City of Riverside will provide its full-time employees with guaranteed insurance coverage for group term life and accidental death and dismemberment through Kansas City Life Insurance Company, effective July 1, 2019, at no-cost to the employee. The amount of such coverage will be $50,000 per employee. The City's total monthly cost will be $592.50; and FURTHER THAT the Mayor, the City Administrator, Human Resources Manager and other appropriate City officials are hereby authorized to take any and all actions as may be deemed necessary or convenient to carry out and comply with the intent of this Resolution and to execute and deliver for and on behalf of the City all certificates, instruments, agreements and other documents, as may be necessary or convenient to perform all matters herein authorized. PASSED ANDA OPTED by the Board of Aldermen of the City of Riverside, Missouri,the day of 2019. Mayor Kathleen L. Rose ATT9§ Robin Kri�;ad; ty Clerk