HomeMy WebLinkAbout1987-06-23 87-228 ORDER8]-228
Introduced by Councilor Tilley, June 23, 1981
CITY OF BANGOR
Rlttfb i®r�¢r T ressfer for Long -T aren Disability Benefits _..
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By the asv Council of aty of Bonder:
OHIIERM,
THAT the sum of $31,800 be transferred from the Contingent Account (61-01)
to a new Long -Team Disability Account to be established by the Finance
Director.
Statement of Pact: Council order 86-600 (October 15, 1986) authoriE'.ed the City
Hanger to solicit proposals t0 Improve the long-term disability benefit
presently available to City employees. The above transfer would provide
the funds necessary to implement the progran selected as
aresult of the
bid process. This funding covers all nom-vnlon employeesfor a period
Of 12 months.
The plan will include a waiting period of 120 days for non -jab related
illnesses or injuries and will pay 60S of salary up to age 65.
The above action provides for full employer payment of the plan far
the first year. The Finance Comittee is recd®ending any future increase
in premiums be borne by the employees.
87-228
ORDER
In City .Council June 23.1987 %B
passed i Title, CpRPCf�
CCIII..................................... - C/I���FR,a
CIty erk
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Introduced and filed by
/NOuncilman