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BENEFITS #215 <br />[Type here] [Type here] [Type here] <br /> <br />Benefits are privileges granted to qualified employees in the form of paid leave and/or insurance benefits. <br /> <br />Health, Dental, Life and Disability Insurance <br />The city will contribute a monthly amount toward group health, dental, life and disability insurance <br />benefits for each eligible employee and their dependents. An employee working 30 hours or more per <br />week (or the equivalent of 130 hours or more per month) is eligible to receive benefits. Employees <br />working 30-39 hours per week will receive pro-rated benefits. Waiting periods will apply as determined <br />by the plan. <br /> <br />The city makes a competitive monthly contribution toward group health, dental, and life insurance <br />benefits. Cost sharing is determined by Resolution of the City Council. Employees are encouraged to look <br />closely at this contribution as part of their overall compensation package with the city. <br /> <br />The amount to be contributed and the type of coverage will be determined annually by the City Council. <br />For information about coverage and eligibility requirements, employees should refer to the summary plan <br />description or contact the administrative services director. <br /> <br />Retirement/PERA <br /> <br />PERA (Public Employees Retirement Association) – Statewide pension program in which all city <br />employees meeting program requirements must participate in accordance with Minnesota law. The city <br />and the employee each contribute to the employee’s retirement account. <br /> <br />The city participates in the PERA to provide pension benefits for its eligible employees to help plan for a <br />successful and secure retirement. Participation in PERA is mandatory for most employees, and <br />contributions into PERA begin immediately. The city and the employee contribute to PERA each pay period <br />as determined by state law. Most employees are also required to contribute a portion of each paycheck <br />for Social Security and Medicare (the city matches the employee’s Social Security and Medicare <br />withholding). For information about PERA eligibility and contribution requirements, contact the <br />administrative services director. <br /> <br />58 12/2024