RES 98116 - 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 DisabiliW During his/her second through fourth year of City employment, a 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 benefit payments shall be as follows: Employee's Year of Employment Maximum Weeks of Benefit Second Year Six Weeks Third Year Four Weeks Fourth Year Two Weeks 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) Long-Term Disability Insurance. The City shall provide, at its expense. management and confidential employees long-term disability insurance coverage. The maximum monthly benefit will be $4,000.00 with a 60-day waiting period. The City shall seek to amend its present long-term disability insurance policy to include pro-rated disability insurance benefits for regular part time confidential employees. Implementation of said benefits is subject to approval of the insurance carrier. 6.6 Vision Care Effective September 1, 1997 management and confidential employees and their eligible dependents enrolled in either of the City's Foundation or Blue Cross health plans shall be enrolled in the City's vision care plan. The premium for said vision care plan for both the employee and their eligible dependents shall be paid by the City. 7