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HomeMy WebLinkAboutR-2026-056 Designating an Agent and Accepting Certain Employee Insurance Benefits Beginning July 1 2026RESOLUTION NO. R-2026-056 A RESOLUTION DESIGNATING AN AGENT AND ACCEPTING CERTAIN EMPLOYEE INSURANCE BENEFITS BEGINNING JULY 1, 2026 NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF ALDERMEN OF THE CITY OF RIVERSIDE, MISSOURI, AS FOLLOWS: THAT the City of Riverside designates Bukaty Companies as its broker/agency of record for employee insurance benefits beginning July 1, 2026; and FURTHER THAT the City will provide its full-time employees with dental and vision insurance coverage options through Pacific Life, effective July 1, 2026, all in accordance with the attached plan summaries. This renewal represents a 0% increase in premium over the last year for vision and a 7.5% increase in premium over the last year for dental; and FURTHER THAT the City agrees to provide Group Term Life, Voluntary Term Life, Voluntary Short-Term Disability, Long-Term Disability, Hospital Indemnity, Critical Illness, and Accident polices from Reliance Standard all in accordance with the attached plan summaries. This renewal represents a 0% increase in premium over the last year; and FURTHER THAT the City agrees to provide a Voluntary Identify Theft Protection policy from Lifelock all in accordance with the attached plan summaries; and FURTHER THAT the City will partner with Surency to provide administrative management of the Section 125 Flexible Spending Account, the Health Savings Account, and COBRA Administration, effective July 1, 2026. Surency will manage the Health Savings Account with its banking partner, UMB Bank; 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 the 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 AND ADOPTED by the Board of Aldermen of the City of Riverside, Missouri, the 19th day of May 2026. /s/ Kathleen L. Rose Kathleen L. Rose, Mayor ATTEST: /s/ Melissa McChesney Melissa McChesney, City Clerk