e|agenda.NET Sarasota County Schools |
THE SCHOOL BOARD OF SARASOTA COUNTY, FLORIDA Landings Administrative Complex 1980 Landings Blvd. 3:00 P.M. |
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 |