Central Florida Regional Transportation Authority Finance & Audit Committee AgendaPacket 2026-06-18
Second Option Year for Standard Insurance Group Benefits
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Description
LYNX intends to exercise the second option year of Contract 22-C66 with Standard Insurance Co. to continue group life, disability, and AD&D coverage through 2027. Employer-paid group life and long-term disability will remain in place alongside employee-paid supplemental benefits.
Contract Details
Vendor
STANDARD INSURANCE CO
Agency
Central Florida Regional Transportation Authority, FL
Contract Type
INSURANCE
Document Date
June 18, 2026
Contract Term
Three (3) years with two (2) one (1) year options; second option year to run January 1, 2027 – December 31, 2027
Renewal Date
2027-12-31
Renewal Info
Three-year base term through December 31, 2025 with two one-year options; first option year covers 2026 and second option year now extends coverage into 2027.
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ONGOINGIssuing Agency
Central Florida Regional Transportation Authority
Special District
Orlando, FL
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