HomeMy Public PortalAbout02699 O R D I N A N C E NO. 2699
AN ORDINANCE, appropriating Twenty-five Thousand
Sixty-one Dollars Eighty Cents ($25,061.80) from the Employees'
Group Insurance Refund Deposit (Account Number 1-3038) of the
General Fund to the Personnel Department for the additional sums
needed for the payment for the portion of the premium for the
District's Employee Benefit Group Insurance coverage from
September 1, 1973 to June 1, 1974, which was not paid by monthly
estimate.
WHEREAS, the Connecticut General Life Insurance
Company, carrier of the District's Employee Group Medical
Insurance, was paid $14.70 per month for each employee with
individual coverage and $26.65 per month for each employee with
dependent coverage during the period from September 1, 1973 to
June 1, 1974; and
WHEREAS, the monthly premium for this period should
have been $16.39 for individual coverage and $29.71 for dependent
coverage, resulting in an underpayment totaling $25,061.80; and
WHEREAS, in Account Number 1-3038 (Employees' Group
Insurance Refund Deposit) of the General Fund, there exists an
amount sufficient to fund this underpayment, and which amount was
received as a refund from the General American Life Insurance
Company as money which had been contributed both by employees and
the District for generally the same individual and dependent
medical insurance premiums,
NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF TRUSTEES
OF THE METROPOLITAN ST. LOUIS SEWER DISTRICT:
Section One. The sum of Twenty-five Thousand
Sixty-one Dollars Eighty Cents ($25,061.80) is hereby appropriated
from the Employees' Group Insurance Refund Deposit (Account Number
1-3038) of the General Fund to the Personnel Department for the
additional sums needed for the payment for the portion of the
premium for the District's Employee Benefit Group Insurance
coverage from September 1, 1973 to June 1, 1974.
Section Two. This Ordinance, being an appropriation
Ordinance, shall take effect immediately upon its enactment.
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The foregoing Ordinance was adopted November 13, 1974.