Skip to main content
San Jose Civic Gallery City Hall agenda intelligence

Matter 25-1126

Amendments to the Agreements with Standard Insurance Company and Life Insurance Company of North America.

Budget & Finance City Council Agenda Ready Introduced 14 Oct 2025
1 Document on file 225 KB · 1 extracted · 1 AI summary
File
25-1126
Type
Strategic Support
Status
Agenda Ready
Requester
Unknown
Introduced
14 Oct 2025
Last synced
19 May 2026 · 04:01

The papers

1 document · 225 KB
01 225 KB

Memorandum

225 KB Extracted AI Summary
file fd9379f3-9a05-476c-9545-89661dd55593.pdf sha 68f251ddb41e source unavailable

Official source link unavailable. The file was imported, but the current source metadata does not include a public document URL.

Generated summary AI-assisted

This memorandum outlines recommendations for amendments to agreements with Standard Insurance Company and Life Insurance Company of North America for various insurance coverages. It proposes extending the terms of the agreements to December 31, 2030, while increasing the not-to-exceed amounts for life, long-term disability, and personal accident insurance. The recommendations aim to ensure uninterrupted benefits coverage for employees and retirees at current rates, avoiding potential disruptions from switching vendors.

Key points
  • The memorandum recommends extending agreements with Standard Insurance Company and Life Insurance Company of North America.
  • The term of the agreements is proposed to be extended to December 31, 2030.
  • The not-to-exceed amount for life insurance is proposed to increase from $13,427,595 to $26,279,570.
  • The not-to-exceed amount for long-term disability insurance is proposed to increase from $21,141,181 to $42,918,680.
  • The not-to-exceed amount for personal accident insurance is proposed to increase from $7,100,000 to $12,636,874.
  • The recommendations are intended to maintain current benefit levels without rate increases for the extended term.
Limitations
  • The text does not provide specific dates for the proposed amendments beyond the extension to December 31, 2030.
  • The text includes unresolved placeholders and blank fields that affect the summary.

Generated for convenience from extracted text using AI. Review the official source document before relying on this summary.

Extracted text preview · 15,774 chars
COUNCIL AGENDA: FILE: ITEM: TO: HONORABLE MAYOR AND CITY COUNCIL SUBJECT: See Below Approved 10/28/25 25-1126 3.6 FROM: Aram Kouyoumdjian DATE: October 6, 2025 Date: 10/15/25 COUNCIL DISTRICT: Citywide SUBJECT: Amendments to Agreements with Standard Insurance Company and Life Insurance Company of North America RECOMMENDATION (a) Adopt a resolution authorizing the City Manager, or her designee, to negotiate and execute a Third Amendment to the Consultant Agreement with Standard Insurance Company to provide group basic life and accidental death and dismemberment insurance, supplemental life insurance, dependent life insurance, and matching accidental death and dismemberment insurance as applicable, to employees and retirees, extending the term of the Agreement from January 1, 2026 to December 31, 2030, and increasing the not-to-exceed Agreement amount from $13,427,595 to a revised not-to-exceed amount of $26,279,570, subject to the appropriation of funds. (b) Adopt a resolution authorizing the City Manager, or her designee, to negotiate and execute a Fourth Amendment to the Consultant Agreement with Standard Insurance Company to provide voluntary long-term disability insurance to...