06/25/2012 Council Packet - Laserfiche WebLink

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P49 The Finance Department will provide each eligible employee with a written notice describing rights granted under COBRA when the employee becomes eligible for COBRA coverage plan. The notice contains important information about the employee's rights and obligations. 5.4 Deferred Compensation The City will provide regular full -time and part-time employees the opportunity to participate in pre -tax retirement savings program through payroll deductions. This voluntary retirement saving plan is designed to allow tax savings for employees. Full -time employees will be permitted to receive a cash payment for 50 percent of their unused annual sick leave accrual exceeding 720 hours at the conclusion of each calendar year. The balance of the unused sick leave will be added to the employee's sick leave bank up to the maximum accrual of 960 hours. The cash payment will be paid at the conclusion of each calendar year into the employee's designated deferred compensation plan as authorized by the City. 5.5 Long -Term Disability Long -term disability insurance is provided to regular full -time and part-time employees. Long- term disability benefits are available based upon the terms and conditions contained in the contract with the long -term disability insurer. Terms and benefits under the program are subject to change from time to time. 5.6 Safety Committee The City of Lino Lakes recognizes its responsibility to provide the safest conditions for its employees by ensuring all reasonable safeguards are established in the workplace. Employees are responsible for observing all safety rules and for using all available safety equipment. Employees are also responsible for reporting any unsafe condition to their supervisor. The efficiency of any municipal operation can be measured directly by its ability to control unnecessary loss. To that end, the Lino Lakes Safety Committee was established. The Safety Committee is made up of employees who meet and examine the City's policies and procedures and review accident and injury reports. The Safety Committee also reviews and updates the City of Lino Lakes Safety Policies and Rules. 5.7 Employee Wellness Employees may convert accrued sick leave or PTO leave to pay for their monthly health club membership dues up to a maximum of $60 per month, provided that the employee maintains a sick leave balance or PTO balance of 80 hours. 13