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City staff propose switching short‑term disability and replacing long‑term disability with group accident plan to lower costs, increase early benefits
Summary
Hiram City human resources staff proposed replacing the city’s supplemental benefit arrangements to reduce costs and change the mix of employee protections, saying the city could lower short‑term disability premiums, increase weekly short‑term payouts and replace the city‑paid long‑term disability with a group accident plan.
Hiram City human resources staff proposed replacing the city’s supplemental benefit arrangements to reduce costs and change the mix of employee protections, saying the city could lower short‑term disability premiums, increase weekly short‑term payouts and replace the city‑paid long‑term disability with a group accident plan.
Kathy presented quotes comparing the city’s current carrier relationships with proposed Colonial Life products. She told the council the city’s current short‑term disability (STD) cost — based on the submitted census — was about $1,119.19 per month; Colonial’s quote for the same census would be $815.14 per month, which Kathy said represents an annual savings…
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