County Sanitation District No. 2 of Los Angeles County Agenda 2026-06-24
Two-Year LTD Insurance Purchase from New York Life
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Description
The Board will authorize a purchase order to New York Life for approximately $591,612 to provide long-term disability insurance coverage for District employees over a two-year term. The renewed coverage features a reduced premium rate and is expected to save about $71,401 annually.
Contract Details
Contract Amount
Approximately $591,612
Vendor
NEW YORK LIFE
Agency
City of Downey, CA
Contract Type
INSURANCE
Document Date
June 24, 2026
Contract Term
Two-year period
Renewal Info
Two-year renewal of group long-term disability coverage with New York Life at reduced premium rates; no specific start date given.
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