Continuously serving Kosciusko County since 1854
The Warsaw Board of Works decided Friday that more for less was definitely better.
The board approved the move to a new insurance carrier - Standard Insurance Company, of Portland, Ore., for the city employees' life and disability insurance.
According to Gary Herbruck, insurance broker for GTP Financial Services, the change will mean an additional $5,000 per employee for their life insurance coverage, up to $15,000. Disability benefit will be 60 percent of normal salary, with a maximum monthly benefit of $3,000.
"The current carrier, Fortis Benefits Insurance Company, has decided not to raise their premiums. But, several companies came in with lower rates and better benefits - with Standard being the lowest," Herbruck said.
Standard's monthly life insurance premium is $350 less than Fortis' and the disability insurance premiums are $550 per month less.
In other business, the board also approved the city providing parking enforcement on the county's new parking lot at Lake and Fort Wayne Streets, pending a contract between the county and city being drafted and signed.
Under the agreement, the city will receive all fines collected for parking violations.
