RES 86312 - Laserfiche WebLink

15.5 :Long-~erm Dis~bilit~ ~ffective ~uly l, 1984, the ~ity shall contribute an amount necessary to provide long-term disability insurance under the City;s present Canada Life Group Policy for the individual employee~ provided, however, that in no event shall the City be obligated to contribute an amount in excess of one dollar and fifty cents ($1.50) per one hundred dollars ($100) of monthly salary of the first $2250 of monthly salary not to exceed a total contribution of thirty-three dollars and seventy-five cents ($33.75) per month per employee. '15.6 Additional Cit~ Contributions to Health and Welfare Insurance Premiums To offset any increases in premiums occurring during the first year of this agreement, the City will increase its combined maximum contribution toward the 'monthly premiums of health, dental, life and long-term disability insurance by an amount not to exceed ten dollars ($10.00) per month. The specific division of said ten dollars ($10.00) between the various insurances shall be by mutual agreement of the Union and the City. 15.7 Substitution of Health and Long-Term Disabilit~ Plans During the second year of this agreement, the City and Union agree to meet to consider the substitution of another health insurance plan for one of the present health insurance plans offered by the City and the substitution of another long-term disability insurance plan for the present longrterm disability insurance plan. Any decision to substitute one or both plans shall be by mutual agreement made solely on the basis of the merits of the substitute plans. Merits of the plan shall include plan costs, benefits, rate history, reputation of the carrier, and administrative requirements. Any decision to substitute health insurance plans must be made before April 1, 1987. Any decision to substitute long-term disability insurance plans must be made prior to February 1, 1987. - 21 -