(a) The City, as an additional benefit for regular and probationary employees, will pay all of the costs of one or more group life insurance plans providing term life and accidental death and dismemberment insurance coverage for such employees, excluding elected officials and the Law Director. No employee of the City shall acquire any cash surrender value or other interest in and to such insurance unless such benefits are provided for by the contract between the City and such insurance company with which the City enters into such contract. All covered employees will be eligible for such coverage and insurance from the time of their employment by the City, the benefit actually to be available to them according to the policy. The premiums for the provided group life insurance shall be paid from the several funds of the City. The benefits of such insurance, if provided for by the contract in force at any time, may continue under the waiver of premium provisions of the policy, in the event of total and permanent disability, even though such employee is removed from the payroll of the City because of such disability.
(Ord. 87-25. Passed 8-11-87.)
(b) The City Manager shall cause this matter to be reviewed each time the insurance contract is to be renewed and shall report to Council the estimated annual premium to be paid for the next ensuing year before the insurance is renewed.
(c) The City Manager is not necessarily directed by this section to renew this insurance coverage with the same company each and every year, but he or she is directed to attempt to renew this coverage with a reputable insurance company and at the best price obtainable.
(Ord. 82-37. Passed 12-28-82.)