Sarasota County Schools
Agenda Item #27
Title
APPROVAL OF RENEWAL OF GROUP LONG TERM DISABILITY (LTD) INSURANCE FOR CALENDAR YEAR 2007 WITH MUTUAL OF OMAHA AT THE CURRENT RATE OF 0.28% OF PAYROLL
Description
The current and proposed LTD rate of 0.28% of Payroll has been in effect beginning with the 2005 calendar year. The LTD rates back to January 1, 1992, can be found on page 17 of the "Historical Summary" at www.sarasota.k12.fl.us/finance/accounting_forms/historicalbook.pdf.
Recommendation
That the Group Long Term Disability Insurance contract with Mutual of Omaha, effective January 1, 2007 through December 31, 2007, at the rate of 0.28% of Payroll, be approved as presented.
Contact
LEMPE & MONSON/PALMER
Financial Impact
Estimated annual cost is $610,054.
Attachment: Group LTD Ins.pdf