RES 00109 - Laserfiche WebLink

6.4 Life Insurance For the purpose of providing life and accidental death and dismemberment insurance to management and confidential employees, the City shall provide at its expense coverage equal to twice the employee's annual salary to a maximum coverage of one hundred thousand dollars ($100,000). 6.5 Disability Insurance 6.5(1) Short-Term DisabilitY During his/her second through fourth year of City employment, e regular management or confidential employee on extended medical leave may be eligible for a partial income continuation benefit. To be eligible for said benefit, the employee's attendance record must be satisfactory as judged by the employee's department head and City Manager. If approved, the employee's weekly income continuation benefit will equal 55% of his/her regular weekly rate of pay to a maximum weekly benefit of $336.00. The schedule of beneffi payments shall be as follows: EmDIovee's YearofEmplovment Second Year Thi~ Year Fourth Year MaximumWeeks of Benefit SixWeeks FourWeeks TwoWeeks The City. at its discretion, may choose to convert the above income continuation benefit from a self-insured benefit to an insured benefit. 6.5(2) Lon~l-Term DisabilitY Insurance The City shall provide, at its expense, management and confidential employee's long- term disability insurance coverage. The maximum monthly benefit will be $4,000 with a 60-day waiting period. During this plan year, the City will investigate increasing the maximum monthly long-term disability benefit and/or converting the benefit premium from employer paid to employee paid. Page 7 of 30