Title
Authorizing the Executive Director to Extend a One-year Contract for Life Insurance Benefits to Humana Effective January 1, 2017 through December 31, 2017
Body
RESOLVED, by the Milwaukee Metropolitan Sewerage Commission, that the Executive Director is authorized to enter into a one-year contract with Humana for the period of January 1, 2017, through December 31, 2017, to provide life insurance benefits for active employees and retirees at the monthly rate of $1.32 per $1,000 of life insurance and $1.00 per unit of dependent life insurance and supplemental life insurance at the following rates per $1,000 of coverage:
Attained Age Band
Age Renewal Employee Rate
0-29 $0.05
30-34 $0.05
35-39 $0.07
40-44 $0.14
45-49 $0.26
50-54 $0.40
55-59 $0.68
60-64 $1.16
65-69 $2.06
70-74 $3.18
75-79 $5.32
80-84 $8.70
85-89 $14.21
90-94 $21.76
95+ $63.17