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r� . a <br /> DEPARTMENT OF FINANCIAL MANAGEMENT <br /> RISK MANAGEMENT DIVISION <br /> MEMORANDUM NO. 2000-127 <br /> October 12, 2000 <br /> TO: The Honorable Terry M. Howley, Mayor <br /> City Council Members <br /> FROM: Steve Garman, City Manager �� <br /> Beth B. Couter, Director of Financial Management <br /> J. Barry Leonard, Risk Manager� <br /> SUBJECT: EMPLOYEE LIFE 1NSURANCE <br /> As part of the three-year remarketing of the Group Health program, we solicited <br /> proposals for the City paid self-administered employee life insurance. Based on the proposal of <br /> the four responders, we recommend that Metropolitan Life, through their broker, IRM/Acordia, <br /> be awarded the contract for the period November 1, 2000, to October 31, 2001. The savings is <br /> about $36,000 per year. <br />