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HomeMy WebLinkAboutEXECUTIVE SESSION - 01/12/1999 - COW/LIFE INSURANCE/RELEASED RES NO 1-03 COMMITTEE OF THE WHOLE EXECUTIVE SESSION 01/12/99 7:10 P.M. CHERNICK CONFERENCE ROOM Present: C. Johnson, Village President N. Czarnik, Village B. Dill, Village Trustee P. Feichter, Village Trustee S. Lissner, Village Trustee J. Petri, Village Trustee C. Prochno, Village Trustee Absent: None Staff: G. Parrin, Village Manager G. Knickerbocker, Village Attorney It was moved by Trustee Feichter, seconded by Trustee Prochno to enter into executive session. I. Life Insurance It was the consensus of the Board to concur with the recommendation of the Personnel Committee to enter into a new life insurance program for Village employees. The strengths of the program include the same basic life program, but at a lower cost to the Village; enhances supplemental life insurance (both term and whole) and allows portability of insurance for the employee. Retiree levels will remain at $5, 000. Prior to placing the program on the agenda for Board action, the proposed program will be presented to the Unions. The executive session concluded at 7:50 p.m. c: President & Board of Trustees, Village Manager, Assistant Village Manager, Assistant to the Village Manager, Village Clerk, Village Attorney