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County selects Standard for life, long-term and short-term disability after RFP; life coverage for employees raised to $50,000
Summary
Following a market solicitation, staff recommended and the purchasing committee approved moving long-term disability, short-term disability and life insurance to The Standard; the change reduces LTD premium rate and funds a modest increase in active employee paid life coverage.
Rutherford County’s purchasing committee approved staff’s recommendation to award long-term disability (LTD), short-term disability (STD) and group life insurance to The Standard following an open RFP process.
Wes Dozier of Gallagher and county staff reviewed the bids and told the committee The Standard offered lower rates for LTD and voluntary STD while matching or improving provisions. Staff reported the incumbent LTD rate was 15¢ per $100 of covered payroll and The Standard’s quote reduced that rate to 13¢ per $100; staff estimated combined schools-and-county…
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