File #: SR 20-3568   
Type: Resolution Status: Passed
Department: Human Resources
Meeting Date: 11/17/2020
Legislative Title: Resolution approving Amendment 1 to the agreement between the County of Nevada and ReliaStar Life Insurance Company pertaining to Basic and Supplemental Life insurance for employees and their dependents (Res. 20-337), increasing the maximum Basic Life and AD&D insurance policy coverage for Class 1 employees to $500,000, increasing the Basic Life only premium rate for all employees covered under the Basic Life plan effective November 1, 2020 from $.07 to $.095 per $1,000 of coverage, for an annual premium increase of $6,723, authorizing the Chair of the Board of Supervisors to execute the Amendment, and authorizing the Human Resources Director to execute annual renewal documents.
Indexes: Agreements (Contracts & Leases, etc.) (45), Human Resources (Personnel) (51), Insurance (44)
Attachments: 1. RES 20-492 Amendment to Agreement with Reliastar, 2. Staff Report VOYA Life STD LTD-Amend No 1 (BOS 11 17 2020) - Final.pdf, 3. Res-VOYA Amendment1 ReliaStar, 4. Exhibit A-Amendment No 1 with ReliaStar (VOYA) (BOS 11 17 2020) - Final.pdf
Related files: SR 20-3283

Title

Resolution approving Amendment 1 to the agreement between the County of Nevada and ReliaStar Life Insurance Company pertaining to Basic and Supplemental Life insurance for employees and their dependents (Res. 20-337), increasing the maximum Basic Life and AD&D insurance policy coverage for Class 1 employees to $500,000, increasing the Basic Life only premium rate for all employees covered under the Basic Life plan effective November 1, 2020 from $.07 to $.095 per $1,000 of coverage, for an annual premium increase of $6,723, authorizing the Chair of the Board of Supervisors to execute the Amendment, and authorizing the Human Resources Director to execute annual renewal documents.