R-2021-222 - 8/26/2021 RESOLUTION NO. R-2021-222
WHEREAS, the City of Round Rock (the "City") previously accepted a proposal from
Madison National Life for the provision of long-term disability coverage on September 13, 2018 by
Resolution No. R-2018-5862, and
WHEREAS, the City desires to renew said long-term disability coverage for an additional two
(2)years,Now Therefore
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ROUND ROCK,
TEXAS:
That the Council hereby authorizes renewal of long-term disability coverage with Madison
National Life for the guarantee period of January 1, 2022 through December 31, 2024 as set forth in
the renewal document from Madison National Life attached as Exhibit"A."
The City Council hereby finds and declares that written notice of the date, hour, place and
subject of the meeting at which this Resolution was adopted was posted and that such meeting was
open to the public as required by law at all times during which this Resolution and the subject matter
hereof were discussed, considered and formally acted upon, all as required by the Open Meetings Act,
Chapter 551, Texas Government Code, as amended.
RESOLVED this 26th day of August, 2021.
CRAIGX40RGAW, Mayor
City of Round Rock, Texas
ATTEST:
r
MEA AN SPINKS, Dep City Clerk -01
0112.20212;00479382
EXHIBIT
«A„ Madison National
Life Insurance Company
RATE CONFIRMATION
1. Policyholder: City of Round Rock
2. Group Number: 25660
3. Insurance Product: Long Term Disability
4. Rate Coverage Period: January 1, 2022—December 31, 2024
Long Term Disability
Premium Rates:
Current Rates Renewal Rates
Coverage Rate per$100 of covered payroll Rate per$100 of covered payroll
per month per month
Long Terre
Disability $0.14 $0.14
In the event of a contact between this document and the Joinder.the Joinder shall dictate the insurance rates and rate guarantee period.