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<br /> .~ 3490 Lexington Avenue ~orth <br /> League of Minnesota Cities St. Paul, MN 55126-804"* <br /> May 20, 1994 <br /> To: LMCIT member cities <br /> From: LMCIT Board of Trus~ees <br /> Re: Life and disability coverage <br /> Life ins=ance <br /> Rates for the basic employee term life insurance provided by <br /> Minnesota Mutual through LMCIT will increase to $1.90 per month <br /> for $5000 and $3.80 per month for $10,000. (These rates are for <br /> life only; AD&D is also available for an additional $.03/$1000.) <br /> This change will be effective July 1, 1994. Additional employee <br /> and dependent term life coverage options are also available, <br /> subject to underwriting guidelines. <br /> . Short-term disability <br /> There will be no change in the rates for the short-term <br /> disability coverage provided by Fortis through LMCIT. The <br /> short-term disability coverage provides benefits from the first <br /> day of disability resulting from injury or the eighth day of <br /> disabili~y resulting from sickness for up to 26 weeks. The <br /> disability benefit equals two-thirds of the employee's wage, to <br /> a maximum of $100, $200, or $300 weekly. Monthly premiums are <br /> $4.50 per employee for the $100 maximum; $9.00 for the $200 <br /> maximum, or $13.50 for the $300 maximum. <br /> New long-term disability coverage option <br /> A long-term disability insurance option from Fortis is now <br /> available to cities through LMCIT. The LTD coverage is <br /> available to city employees working at least 25 hours per week <br /> and earning at least $12,000 annually, with no medical <br /> underwriting requirements. There is no ~inimum group size, but <br /> if the city has 10 or fewer employees, 100% must be enrolled. <br /> For larger groups, the minimum enrollment is the larger of <br /> either ten employees or 25% of the total. <br /> The individual employee may select the monthly benefit level, <br /> subject to a minimum of $500 and a maximum of $5000 or 60% of <br /> . earnings, whichever is less. Benefits are payable after either <br /> - OVER - <br /> A..-'; EQl.'Al Of'lPPRTL0:ITY...\fFii,'.'.-\7IY'I.. .,;'""jj(i: F.:.~;: ~_,':::i, <br /> ..._-- - ..---.--- _._- ---- --- <br /> (51::!: 49(1.560~' 1-:(t().~2). t 122 ;:;:.0::: ~.,j~~ ::i:. ,-.--co' '.'. r c:..' ~ _..; . <br /> ._-- - -.. - - - - ____4___ _ - -_.._ -- ' <br />