2015/11/25 Council Agenda Packet

2 • 2. The face amount of life insurance and the principal sum of accidental death and dismemberment insurance for a Councihnember shall be equal to two times the Councilmember's basic annual earnings,rounded to the next higher multiple of$1,000, if not already a multiple of$1,000,plus $2,000. The maximum face amount and maximum principal sum shall each be$150,000. 3. Long-term disability insurance shall be 66 2/3%of the first$3,000 of the Councilmember's pre-disability monthly earnings,-subject to policy conditions and limitations. 4. Voluntary dependent life insurance covered at the Councilmember's expense. is hereby amended to read as follows: A. Members of the City Council of the City of Everett will be offered insurance plans comprised of the following on terms and conditions determined by the City: 1. Basic and major medical,dental, and vision coverage for the Councilmember and eligible dependents,provided the Councihnember makes a 10 percent contribution toward the cost of the medical coverage. If a Councilmember chooses a carrier other than the City's self-insured medical insurance program,the Councilmember shall pay the difference in premiums. 2. The face amount of life insurance and the principal sum of accidental death and dismemberment insurance for a Councihnember shall be equal to two times the Councihnember's basic annual earnings,rounded to the - next higher multiple 0F 4} y`00 if not already a multiple of$1,000,plus $2,000. The maximum face amount and maximums principal sum shall each be$150,000. 3. Long-team disability insurance shall be 66 2/3%up to $3,000 of the Councilmember's pre-disability monthly earnings, subject to policy conditions and limitations. ^. Voluntary dependent life insurance covered at the Councihnember's expense. Section 3. Ordinance No. 1594-89 as aniended by Ordinance No. 2879-05 (Chapter 2.74.045 EMC)which reads as follows: PAGE 3 OF 4 1 4