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HomeMy WebLinkAboutCC-01-04-93-01 Disability InsRESOLUTION CC-1-4-93-1 WHEREAS, the City of Carmel, Indiana will no longer, per Ordinance D-873 pay individual employees disability insurance premiums or life insurance premiums with deferred compensation; and, WHEREAS, City of Carmel employees need additional time to be informed of the changes that will occur in said insurance plans; and, WHEREAS, time is necessary to set up a Section 125 Plan that will occur in said plans for City of Carmel employee's disability insurance, NOW, THEREFORE, BE IT RESOLVED that the Common Council of the City of Carmel would require the Clerk-Treasurer through March 1, 1993 to: A) Recognize the individual employee policies as valid contracts. B) Pay premiums for the covered individuals under said contracts in accordance with State statutes. Adopted this 4th day of January, 1993, by the Common Council of the City of Carmel, Indiana. Common Council of the City of Carmel ~~~ohns Presid'ing Offic /~Sa~ W. Jo~eS, TreaS~Eer PRESENTED by me to the Mayor of the City of Carmel, Indiana, on the 5th day of January, 1993. T. E '~ Mayor City of Carmel on, , ATTES · Jones C1' · · , reasurer