DEPARTMENT: Employee Relations
FILE TYPE: Consent Action
TITLE
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Authorization To Approve Vendors And Rates For 2025 Group Short-Term Disability, Long-Term Disability, Life Insurance And Vision
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RESOLUTION
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WHEREAS, The Standard administers the Counties Group Life Insurance and Long-Term disability benefits Offering a 2-year rate guarantee; and
WHEREAS, The Standard rate renewal for employee funded voluntary group life insurance increases to 22% for 2025 and 2026; and
WHEREAS, The Standard rate renewal for County funded employee basic and AD&D Life insurance benefit for all employee an $50,000 policy will increase 80%; and
WHEREAS, The Standard rate renewal for employee funded voluntary Long-Term Disability benefit will increase for the 40 percent plan at 56% and the 60 percent plan at 58%; and
WHEREAS, VSP Vision Care provides the Counties employee funded voluntary benefit rates increase 7.5%; and
WHERAS, the employee-paid Short-term Disability plan expenses projected for 2025 results in no rate change for all elimination period 8-day, 15-day, 30-day and 75-day option.
NOW, THEREFORE, BE IT RESOLVED, That the Dakota County Board of Commissioners hereby accepts contracts for 2025 and 2026, Life Insurance, Short-Term and Long -Term Disability administration with The Standard; and VSP Vision Care; and
BE IT FURTHER RESOLVED, That the Dakota County Board of Commissioners hereby approves the 2025 and 206 Voluntary benefits: Vision, Group Life Insurance, Long and Short-Term Disability Benefits.
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