Title
Amendment No. 1 to Existing General Services, Agreement No. AGR20-06 with Unum Life Insurance Company of America, in an amount not to exceed $540,000.00, plus Applicable Gross Receipts Tax, for the initial term plus this first renewal term, for the Purpose of providing Long Term Disability (LTD) insurance benefits to eligible Los Alamos County employees.
Recommended Action
I move that Council approve the Amendment No. 1 to Existing General Services, Agreement No. AGR20-06 with Unum Life Insurance Company of America, in an amount not to exceed $540,000.00, plus Applicable Gross Receipts Tax, for the initial term plus this first renewal term, for the Purpose of providing Long Term Disability (LTD) insurance benefits to eligible Los Alamos County employees.
County Manager's Recommendation
The County Manager recommends that Council approve the motion as presented.
Body
The County's group insurance benefits plans, including Long Term Disability insurance, are renewed at the beginning of the calendar year. Currently, the County pays 50% of the premiums for all regular employees.
The County is requesting the approval of Amendment No. 1 to existing Services Agreement No. AGR20-06. If approved, this Amendment No. 1, renews the initial Agreement for two (2) additional one (1) year periods, at the same premium rate.
On June 9, 2019, the County issued Request for Proposal ("RFP") 20-06 for Long Term Disability Insurance Benefits for Los Alamos County employees. The County received seven (7) responses to the RFP. Using the criteria established in the RFP, the response by Unum Life Insurance Company of America was found to be the most advantageous to the County. The resulting Services Agreement AGR20-06 with UNUM Life Insurance Company of America was subsequently approved by Council on October 29, 2019.The initial term of the Agreement commenced January 1, 2020 and continues through December 31, 2021.
This, Amendment No. 1, renews the Agreement through Decem...
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