Agenda Packets - 1997/09/15 - Laserfiche WebLink

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Flexible Spending Account • The City of Mounds View offers to its employees Flexible Spending Accounts pursuant to Internal Revenue Code Section 125. The flexible spending account applies to costs related to medical care deductible, health insurance co-payments, any uncovered medical and dental expenses and child care expenses which allows to you to use pre-tax dollars for these expenses. Participants must be regular full or part time employees who have successfully completed their probationary period. The maximum annual reimbursable expenses under the health plan are $2,000. Specific information pertaining to reimbursable expenses are available from the Finance Department. Payroll Options The City has a program of direct deposit of paychecks for all employees. Your paycheck can be automatically deposited in your account by completing a brief form and submitting a deposit form and void check from your checking or savings account. Credit Union For information regarding the credit union and its service, please contact the City-County Credit Union. Health Club Membership • Employees are reimbursed for a health club membership in exchange for accrued Sick Leave. An hour of Sick Leave is valued at the employee's current rate of pay. Employees can participate if a minimum balance of 80 hours sick leave is maintained. The maximum monthly contribution amount is $40 per month. Balance and contribution amounts are pro-rated for part-time employees. POLICY: PAYROLL, OVERTIME, COMPENSATORY TIME Approved By: City Code Section: 3.25 Revision History: 1988, 1997 Payroll Employees will be paid every two weeks or 26 times per year. Wages are paid for the two- week period commencing at 12:01 a.m. on a Saturday and ending at 11:59 p.m. on a Friday, fourteen days later. When paydays fail on a holiday, checks are issued the day preceding the holiday. The City is required by law to make deductions from an employees check including Social Security, PERA (Public Employees Retirement Association), Federal Income Tax a.nri State Income Tax. Employee Time Sheets Time sheets must be submitted to the Finance Department for payroll processing completely filled out and properly signed by the employee and the appropriate Department Head. The calculations of vacation, sick leave and compensatory time should have been reviewed and the sheets should bear all appropriate signatures. Department Heads are responsible for verifying