All Rights ReservedDigital Benefit Advisors VRS Opt Out Options

All Rights ReservedDigital Benefit Advisors Comparison of Options 2 BackgroundVLDP (UNUM)VACORP (Standard)VMLIP (Lincoln Financial) Compliance with Code Always in compliance Dependent on carrier to keep up with changes to the code Easy for Employees One vendor for Retirement & Disability Separate vendor Long Term Care Included in rates Not included in rates CostHighest cost offeringLowest cost offeringMiddle cost offering Financial Guarantees 6 month rate - change every biennium 3-year guarantee2-year guarantee Qualifying period One year wait on benefit eligibility for non-work related disability for both STD & LTD Can eliminate the one year wait on STD Advantages have been shaded in green Disadvantages have no shading

All Rights ReservedDigital Benefit Advisors Comparison of Options 3 BackgroundVLDP (UNUM)VACORP (Standard)VMLIP (Lincoln Financial) ContingenciesNone LTD pricing is contingent on offering two voluntary benefits 1% Pension Contribution Benefit for disabled members Included in rates Not included in rates Carrier selection Good reputation for disability services Some perceived drop in service due to local service office changes. Control of plan State controls pricing and vendor selection Can market program at end of rate guarantee. Can change vendors if service should become an issue. Procurement requirements None Can attach to City of Harrisonburg's RFP RFP out for Albemarle County. No Award has been made. May or may not be awarded to VMLIP. Long Term Stability of Program Difficult to predict how any given carrier's "pool" will perform, however Standard has an extensive history and book with public entity clients.

All Rights ReservedDigital Benefit Advisors Comparison of Options 4 Financials PlanVLDPThe Standard VMLIP (Lincoln Financial)* STD Rate 0.39 percent of Hybrid Retirement Plan covered payroll-professional,.91 non- professional (covers STD and LTD and LTC) 0.37 percent of monthly insured earnings (covers STD and LTD) $2.49 pepm Estimated Annual STD Premium$448 LTD Rate $.34/$100 of covered monthly pay Estimated Annual LTD Premium$2,550 Estimated Annual Total Premium (1st year)$3,705$2,775$2,998 Estimated Annual $ Difference from VLDPn/a-$930-$807 Rate Guarantee6 Months3 Years24 months Assumptions used to calculate estimated premiums: o Provided annual cost for first year using 15 new hires. o Used average annual salary of $50,000.