#03 - Personnel Policy Update - Laserfiche WebLink

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BENEFITS #215 [Type here] [Type here] [Type here] Benefits are privileges granted to qualified employees in the form of paid leave and/or insurance benefits. Health, Dental, Life and Disability Insurance The city will contribute a monthly amount toward group health, dental, life and disability insurance benefits for each eligible employee and their dependents. An employee working 30 hours or more per week (or the equivalent of 130 hours or more per month) is eligible to receive benefits. Employees working 30-39 hours per week will receive pro-rated benefits. Waiting periods will apply as determined by the plan. The city makes a competitive monthly contribution toward group health, dental, and life insurance benefits. Cost sharing is determined by Resolution of the City Council. Employees are encouraged to look closely at this contribution as part of their overall compensation package with the city. The amount to be contributed and the type of coverage will be determined annually by the City Council. For information about coverage and eligibility requirements, employees should refer to the summary plan description or contact the administrative services director. Retirement/PERA PERA (Public Employees Retirement Association) – Statewide pension program in which all city employees meeting program requirements must participate in accordance with Minnesota law. The city and the employee each contribute to the employee’s retirement account. The city participates in the PERA to provide pension benefits for its eligible employees to help plan for a successful and secure retirement. Participation in PERA is mandatory for most employees, and contributions into PERA begin immediately. The city and the employee contribute to PERA each pay period as determined by state law. Most employees are also required to contribute a portion of each paycheck for Social Security and Medicare (the city matches the employee’s Social Security and Medicare withholding). For information about PERA eligibility and contribution requirements, contact the administrative services director.