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All employees eligible to enroll in PERAwho qualify for tht Public Ermloytos Retirement <br />Association (PERA) are also eligible to place a portion of their earnings in a pre-tax investment <br />program. Deferred compensation plans are available through ICMA Retirement Corporation and <br />Minnesota State Deferred Compensation. Please contact Human Resources regarding maximum <br />annual contribution amounts and for any other specific information regarding deferred <br />compensation plans. <br />45,5 Flexible Spending Account <br />- - -f Formatted: Heading 2 <br />Formatted: Font: Arial, 14 pt <br />Employees can establish flexible spending accounts and have pre-tax deductions made from their <br />payroll checks to pay for eligible childcare and eligible medical expenses. _The law limits the <br />maximum contributions that employees can make to their flexible spending account and the <br />specificcurrcnt limit for un ra- e d : w rsl expenses that can be paid out of such accounts. <br />Employees should contact Human Resources for additional detailsi3 $2,500 w„A tJs Kmitfor un <br />rtinibtimd-diltptndtnt cart tnpeneta ie�9f,99A. <br />4 <br />5,6 Retiree Benefits .- - - -{ Formatted: Heading 2 <br />{ Formatted: Font: Arial, 14 pt <br />Minnesota law provides for continuation of health and dental coverage to certain former employees <br />who are receiving a disability benefit or an annuity from PERA, or who have met PERA age and <br />service requirements. Former employees areThc formcr cmploycc i3 responsible for paying the <br />entire premium. Failure to do so will result in termination of coverage. Employees should contact <br />Human Resources for additional details. <br />4 <br />5,7 COBRA <br />Employees participating in the Citv's group health insurance plan who terminate employment with <br />the City or experience another event which triggers their legal entitlement to insurance <br />continuation will receive a notice of their right to elect continued insurance coverage consistent <br />with state and federal law, including, but not limited to, the Consolidated Budget Omnibus <br />Reconciliation Act of 1985 ("COBRA") (as amended). The notice will be provided in accordance <br />with such laws and employees must comply with those laws if they wish to continue coverage after <br />separating from the Citv's employment. including. but not limited to. paving the entire premium <br />for the duration of the continuation coverage. Employees should contact Human Resources for <br />additional details. <br />4.8 �.z' i at C\-.-il bne-Th get Rcca.t l5� -m Act (COBRA) per,viltr/I pL>ycvz <br />who arc actively wk .- vc separated from amp':;y:»,,y <br />continuo on tho Citv's group health, dental, and life inurance planar and tho flexible spending plan <br />for up tz 1 V tuvrth . Curtain changes in fittriihq itahio atich as divorc a ilia loath of a spouse, or a <br />dep tndint child loainb otahie, and Medicare oligibility qualitnn- continuation of covorago up to <br />36 months. Continuing COBRA insurance V.- former cmploycc, <br />tluiropotiat) tndadA, or roving' will lapel: <br />221Pago <br />- Formatted: Font: Arial, 14 pt <br />1 Formatted: Heading 2 <br />Formatted: Font: 12 pt <br />4 Formatted: Footer, Line spacing: single <br />J <br />1 <br />J <br />1 <br />