HomeMy Public PortalAbout1976_07_28_R120RESOLUTION NO.
A RESOLUTION:
TOWN OF LEESBURG
IN
LOUDOUN COUNTY, VIRGINIA
PRESENTED July 28. 1976
76-1~0 ADOPTED July 28. 1976
MODIFYING AND EXTENDING THE EMPLOYEES GROUP LIFE,
DISABILITY INCOME AND HOSPITALIZATION POLICIES AND
PROVIDING APPLICABLE APPROPRIATIONS THEREFOR.
BE IT RESOLVED by the Town Council of the Town of Leesburg,
Virginia, as follows:
SECTION I. That the increased medical coverages as deline-
ated in a letter from Mr. W. Ao Watson, III of American
Health and Life Insurance Company, dated May 24, 1976, are
hereby accepted at the following monthly rates:
Individual $25.94
Employee and spouse only
61.75
Employee and family 76.53
Employee and depeqdent children 42.65
That the existing town/employee cost sharing policies shall
be continued.
SECTION II. That the town's group life insurance policy
with the American Health and Life Insurance Company be ex-
tended and amended to provide $10,000 insurance to all full-
time employees regardless of occupation or classification,
at a monthly premium of $0.54 per thousand dollars of cover-
age.
SECTION III. That the town manager is authorized and di-
rected to execute the appropriate forms evidencing the
policy modifications described in Sections 1 and 2 above.
SECTION IV. That the town manager is authorized and di-
rected to execute a group disability income policy with
the American Health and Life Insurance Company extending
the benefit elimination period of said policy to 30 days.
The annual premium of the policy shall equal $1.30 per
$100 of coverage, said coverage defined as 60 percent of
the combined annual salaries of all full-time employees.
SECTION V. That all policy extensions authorized herein
shall be effective August 1, 1976 and expire one year from
that date.
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SECTION VI. That the following appropriations under the
heading "Original Appropriations" are hereby revised and
reappropriated as shown under the heading "Revised Ap-
propriations.''
ORIGINAL REVISED
ACCOUNT NO. ACCOUNT NAME APPROPRIATIONS APPROPRIATIONS
4050.224 Health Plan
$26,000 $19,300
4050.227 Disability Plan
7,000 3,555
4050.228
Life Insurance Plan
Totals
3~000 3~888
$36,000 $26,743
PASSED this 28th day of
July , 1976.
ATTEST:
Clerk of C~nhil
Ma~ A~ne Newman, Mayor
Town of Leesburg