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<br />~24 <br /> <br />TUESDAY <br /> <br />NOVEMBER 22, 1983 <br /> <br />ation by City Manager Edmonds, Council unanimously adopted the following resolution: <br /> <br />WHEREAS, the City of Martinsville, Virginia (Employer), has provided <br />weekly temporary disability insurance for certain of its employees <br />through commercial insurers; and <br /> <br />WHEREAS, the cost of providing said coverage has historically exceeded <br />the benefits paid out under the policy; and <br /> <br />WHEREAS, such temporary disability benefits are no longer provided for <br />through said commercial sources by the City; now, therefore, <br /> <br />BE IT RESOLVED by the Council of the City of Martinsville, Virginia, <br />that the Employer hereinafter provide such temporary disability <br />coverage on a self-insured basis at the same level of benefit as <br />previously provided by the commercial carrier. <br /> <br />To maintain certain life insurance benefits formerly in force under the City's group <br /> <br />insurance program (through the commercial carrier formerly providing group insurance), not <br /> <br />now available through the present group insurance carrier, for employees (most of whom have <br /> <br />retired) not eligible for life insurance under the City's retirement program through the <br /> <br />Virginia Supplemental Retirement System, and upon recommendation of City Manager Edmonds, <br /> <br />Council unanimously adopted the following resolution: <br /> <br />WHEREAS, the City of Martinsville, Virginia (Employer), has provided <br />life insurance coverage for certain active and retired employees who <br />were ineligible for coverage under the Virginia Supplemental Retire- <br />ment System; and <br /> <br />WHEREAS, this coverage is no longer available from commercial sources <br />at a reasonable rate; and <br /> <br />WHEREAS, the City Council wishes to continue to insure these employees, <br />individually, at the levels previously provided for by commercial <br />sources (not to exceed $5,000 in anyone instance); now, therefore, <br /> <br />BE IT RESOLVED by the Council of the City of Martinsville, Virginia, <br />that the Employer hereby adopts a self-insured posture for these <br />employees and retirees at the same level of benefit as previously <br />provided by the commercial carrier. <br /> <br />To provide "Errors and/or Omission" insurance protection, not presently provided for the <br />