HomeMy Public PortalAbout03068 O R D I N A N C E NO. 3068
AN ORDINANCE, appropriating Seventeen Thousand
Forty-nine Dollars ($17,049.00) 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 March 1, 1976 to
June 1, 1976.
WHEREAS, the Lincoln National Life Insurance Company,
carrier of the District's Employee Group Medical Insurance, was
paid $34.79 per month for each employee with dependent coverage
during the period from March 1, 1976 to June 1, 1976; and
WHEREAS, the monthly premium for this period should have
been $48.71 for dependent coverage, resulting in an underpayment
totaling $17,049.00; and
WHEREAS, in Account Number 1-3038 (Employees' Group
Insurance Refund Deposit) of the General Fund, there exists an
amount sufficient to fund this dependent coverage premium, 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 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 Seventeen Thousand Forty-nine
Dollars ($17,049.00) 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 March 1,
1976 to June 1, 1976.
Section Two. This ordinance, being an appropriation
ordinance, shall take effect immediately upon its enactment.
The foregoing Ordinance was adopted May 26, 1976.