RES 96139 - Laserfiche WebLink

Maximum City Contribution Amounts Monthly Amount Covered Classification $379 Firefighter $379 Fire Engineer $379 Fire Captain $561 Fire Inspector $561 Hazardous Materials Coordinator Spousal Coverage An eligible employee may present proof of medical and /or dental insurance coverage through their spouse's employment, and request cancellation of the City insurance coverage. Upon request and cancellation of the employee's coverage, the City will pay an amount into a City deferred compensation plan in the employee's name. The amount the employee is eligible for will be based on the Operating Engineer's family or married premium rate that the employee qualifies for at the time the insurance is canceled. The City will take the amount the employee is eligible for, minus any required premium for continuing insurance, and then pay 80% of that amount into a deferred compensation plan. The total amount paid by the City will not exceed the maximum City benefit allowable for medical /dental insurance coverage. The amount to be paid into the deferred compensation plan will be adjusted annually based on the change in the Operating Engineers premium rates, and is not to exceed the maximum City benefit allowable for medical /dental insurance coverage Any employee requesting this will be required to meet all rules and conditions covering the administration of the deferred compensation plan, and the health and dental plan. C. LONG TERM DISABILITY PLAN Effective July 1, 1985, eligible employees shall be provided with a Long Term Disability Benefits Program as selected, administered or revised by the City. Effective for the payment of premiums required for October 1988 coverage, the City shall contribute an amount not to exceed Twenty Two Dollars and Forty Six Cents ($22.46) per month per eligible employee toward the monthly premium cost; provided however, that in no event shall the City be obligated to contribute an amount in excess of Twenty Two Dollars and Forty Six Cents ($22.46) toward the employee's premium cost or the actual cost if a lesser amount. D. LIFE INSURANCE The City shall provide Ten Thousand ($10,000) of term life insurance coverage per eligible employee, which includes an equivalent of accidental death and dismemberment coverage. 25