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19 <br /> <br />or beneficiary pays the full cost of coverage at the City’s group rates plus any additional <br />administrative fee, if applicable. <br />The Finance Department will provide each eligible employee with a written notice describing <br />rights granted under COBRA when the employee becomes eligible for COBRA coverage plan. The <br />notice contains important information about the employee’s rights and obligations. <br />5.4 Deferred Compensation <br />The City will provide regular full-time employees the opportunity to participate in a pre-tax <br />retirement savings program through payroll deductions. This voluntary retirement saving plan is <br />designed to allow tax savings for employees. <br />Full-time employees will be permitted to receive a cash payment for 50 percent of their unused <br />annual sick leave accrual exceeding 720 hours at the conclusion of each calendar year. The <br />balance of the unused sick leave will be added to the employee’s sick leave bank up to the <br />maximum accrual of 960 hours. The cash payment will be paid at the conclusion of each calendar <br />year into the employee's designated deferred compensation plan as authorized by the City. <br /> <br />5.5 Long-Term Disability <br />Long-term disability insurance is provided to regular full-time and part-time employees who work <br />at least 30 hours per week on a regular basis. Long-term disability benefits for part-time <br />employees are pro-rated based on the number of hours worked per week. Long-term disability <br />benefits are available based upon the terms and conditions contained in the contract with the <br />long-term disability insurer. Terms and benefits under the program are subject to change from <br />time to time. <br /> <br />5.6 Safety Committee <br />The City of Lino Lakes recognizes its responsibility to provide the safest conditions for its <br />employees by ensuring all reasonable safeguards are established in the workplace. Employees <br />are responsible for observing all safety rules and for using all available safety equipment. <br />Employees are also responsible for reporting any unsafe condition to their supervisor. The <br />efficiency of any municipal operation can be measured directly by its ability to control <br />unnecessary loss. To that end, the Lino Lakes Safety Committee was established. The Safety <br />Committee is made up of employees who meet and examine the City’s policies and procedures <br />and review accident and injury reports. The Safety Committee also reviews and updates the City <br />of Lino Lakes Safety Policies and Rules. <br /> <br />61