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Meeting Date:
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8/21/2019 - 6:30 PM
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Category:
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PERSONNEL
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Type:
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Action
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Subject:
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10.5 MetLife Life Insurance for Board of Education Employees for the 2019-2021 School Years
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District Goals:
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Enclosure
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File Attachment:
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Rationale:
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Contract with MetLife to provide Life Insurance to Board of Education Employees for the 2019-2021 school years.
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Funding:
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450.5301.100000.9045.B2800
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Resolution:
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WHEREAS the District desires to enter into a contract with Metropolitan Life Insurance Company (“Metlife”) for the 2019-2021 school years; and
WHEREAS the administration recommended we renew the contract with MetLife for Board approval; and
WHEREAS MetLife was paid $25,554.95 last fiscal year for such services.
NOW THEREFORE BE IT RESOLVED: That the Board of Education authorizes the Superintendent of Schools to enter into a contract with Metlife for the 2019-2021 school years at an annual cost not to exceed $29,000. Life Insurance cost for Employees: - $0.197 per $1,000 of Life Insurance in force hereunder. Accidental Death and Dismemberment Insurance for Employees: - $0.013 per $1,000 of the Full Amount of Accidental Death and Dismemberment Insurance for Employees.
It is acknowledged and agreed that pursuant to the terms of that certain intermunicipal agreement by and between the City of Yonkers Board of Education (“BOE”) and the City of Yonkers (the “City”) as filed in the Office of the City Clerk on June 16, 2014, the terms of this agreement are subject to review and revision by the Corporation Counsel, as well as approval by the City’s Board of Contract and Supply. Furthermore, this Agreement shall not be enforceable until signed by both parties and approved by the Corporation Counsel’s Office.
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Approvals:
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Recommended By:
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Signed By:
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Carlos Moran - Commissioner
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Signed By:
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Finance Department - Finance Reviewer
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Signed By:
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Tom Collich - Purchasing Director
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Signed By:
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Elizabeth Janocha - Deputy Commissioner
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Signed By:
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John Liszewski - Commissioner
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Signed By:
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Matthew Gallagher - Corporation Counsel
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Signed By:
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Dr. Edwin M. Quezada - Superintendent of Schools
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Vote Results:
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| Original Motion | Member Dr._Ammir Rabadi Moved, Member Abdool H. Jamal seconded to approve the Original motion 'WHEREAS the District desires to enter into a contract with Metropolitan Life Insurance Company (“Metlife”) for the 2019-2021 school years; and
WHEREAS the administration recommended we renew the contract with MetLife for Board approval; and
WHEREAS MetLife was paid $25,554.95 last fiscal year for such services.
NOW THEREFORE BE IT RESOLVED: That the Board of Education authorizes the Superintendent of Schools to enter into a contract with Metlife for the 2019-2021 school years at an annual cost not to exceed $29,000. Life Insurance cost for Employees: - $0.197 per $1,000 of Life Insurance in force hereunder. Accidental Death and Dismemberment Insurance for Employees: - $0.013 per $1,000 of the Full Amount of Accidental Death and Dismemberment Insurance for Employees.
It is acknowledged and agreed that pursuant to the terms of that certain intermunicipal agreement by and between the City of Yonkers Board of Education (“BOE”) and the City of Yonkers (the “City”) as filed in the Office of the City Clerk on June 16, 2014, the terms of this agreement are subject to review and revision by the Corporation Counsel, as well as approval by the City’s Board of Contract and Supply. Furthermore, this Agreement shall not be enforceable until signed by both parties and approved by the Corporation Counsel’s Office.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 5 Nay: 0. | | The motion Carried 5 - 0 | | | | | Abdool H. Jamal | Yes | | Dr. Rosalba Corrado Del Vecchio | Yes | | Dr._Ammir Rabadi | Yes | | Rev. Steve Lopez | Yes | | Kevin Cacace | Yes | |
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