HomeMy Public PortalAboutR3862 HR Standard Life Ins Long Term Disability ResolutionR ES OLUTION NO. 3862
WHEREAS, the adoption of Resolution No. 3862 will exercise option year two (2)
of the contract previously authorized by Ordinance No. 15797, adopted November 10, 2021, which
authorized the Executive Director and Secretary-Treasurer on behalf of The Metropolitan St. Louis
Sewer District to enter into a contract with Standard Life Insurance Company, whereby Standard
Life Insurance Company would provide group long-term disability coverage Districtwide;
WHEREAS, said contract provided for an initial term of one (1) year with two (2)
additional one (1) year renewal terms at the option of the District; and
WHEREAS, The Metropolitan St. Louis Sewer District desires to exercise its
second (2nd) of two (2) option years to renew said contract for an additional one (1) year term.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF
THE METROPOLITAN ST. LOUIS SEWER DISTRICT THAT, the Executive Director and
Secretary-Treasurer are hereby authorized on behalf of The Metropolitan St. Louis Sewer District
to exercise the District’s option to renew for the second one (1) year renewal term the contract
with Standard Life Insurance Company, whereby Standard Life Insurance Company would
provide group long-term disability coverage Districtwide, said contract renewal shall be comprised
of such terms and conditions as are approved by the Office of the General counsel of the District.
The foregoing Resolution was adopted October 12, 2023.