R-2024-288 - 11/7/2024 RESOLUTION NO. R-2024-288
WHEREAS, the City of Round Rock (the "City") previously accepted a proposal from
Madison National Life Insurance Company, Inc. 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
three (3) 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, 2025 through December 31, 2027 as set forth in
the renewal document from Madison National Life Insurance Company, Inc. 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 7th day of November, 2024.
CRA OR , Mayor
City of Roun ock, Texas
ATT ST:
ANN ANKLIN, City Clerk
0112.20242;4873-0911-9476
EXHIBIT
ilA,, 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, 2025— December 31, 2027
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 Term $0.14 $0.14
Disability
In the event of a conflct between this document and the Joinder,the Joinder shall dictate the insurance rates and rate guarantee period.