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<br /> . CITY OF ARDEN HILLS <br /> MEH:IU\NDUM <br /> ~: June 10, 1992 <br /> TO: Mayor and City Council <br /> ~:6ff) <br /> Terrance R. Post, TEIlporary city 1\cooUntant <br /> stJIlJreI' : long-Term Disability (LTD) Insurance <br /> At the Council's last worksession meeting on May 18, 1992, staff was <br /> directed to obtain cost infonnation regarding long-term disability <br /> insurance . As you may recall, this issue gained visibility as a result <br /> of current medical leave errqJloyee, Fred Reed, apparently having no <br /> specific salary continuation after his short-term disability benefits <br /> are exhausted. <br /> It should be noted that city errqJloyees may apply for long-term <br /> disability benefits provided by Minnesota Public Employees Retirement <br /> Association. Mr". Reed is currently exploring this option. <br /> . The City's Broker, The Ochs Agency, prepared a bid analysis of L'ID <br /> carriers and re=mmends the proposal from Fortis Benefits. The cost of <br /> coverage that would provide 60 percent of earnings to a maxilnum benefit <br /> of $3,000 per month is $202.44 per month or $10.65 per errqJloyee per <br /> month. <br /> A review of the 1991 stanton Employee Benefits Survey indicates that <br /> relatively few units of goverrunent contrih1te toward the cost of this <br /> type of benefit. <br /> TRP Its <br /> M92-184 <br /> . <br />