ITEM NUMBER: 7.E.
School Board Regular Meeting
- Meeting Date:
- 10/02/2023
- Prepared By:
- Amanda Heilman
Item Type:
Subject:
Approval of 2024-29 Employee Long-Term Disability Insurance Renewal
Background:
Bids were solicited for the District’s Long-Term Disability insurance program. The low bid was submitted by Madison National Life Insurance Company for .22% of covered payroll with a five-year rate guarantee. Supplemental Long-Term Disability coverage remains at .32%.
Recommended Action:
The administration recommends approval of the Madison National Life Insurance Company employee long-term disability insurance bid, as described.