Borough of Farmingdale Regular Meeting Minutes 2026-04-21
Colonial Life Selected for Voluntary Employee Benefits
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Description
Farmingdale Borough approved a contract with Colonial Life & Accident Insurance Company to provide voluntary employee benefits, including disability, life, cancer, and accident coverage, funded entirely by employee-paid premiums through payroll deduction. The agreement carries no direct cost to the Borough.
Contract Details
Contract Amount
Employee-paid premiums (no direct Borough cost)
Vendor
COLONIAL LIFE & ACCIDENT INSURANCE COMPANY
Agency
Borough of Farmingdale, NJ
Contract Type
INSURANCE
Document Date
April 21, 2026
Renewal Info
The resolution authorizes the agreement but does not specify term length or renewal provisions.
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