Agenda - Council Work Session - 08/22/2017

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SECTION 4 BENEFITS 4.1 Group Insurance To be eligible for group health, dental, or life insurance benefits with the city of Ramsey employees must be a regular employee scheduled to work at least 30 hours per week. The City provides a contribution to health insurance and basic life insurance for full-time employees as approved by the City Council annually. In accordance with federal health care reform laws and regulations, the City shall offer health insurance benefits to eligible employees and their dependents that work on average or are expected to work 30 or more hours per week or the equivalent of 130 hours or more per month. In order to comply with Health Care Reform law while avoiding penalties, part-time employees will be scheduled with business needs and in manner which ensures positions retain part-time status under which intended 4.2 Long Term Disability ("LTD") Mandatory LTD - Long term disability is a mandatory, employee -paid benefit provided to sworn police personnel and other full-time, non -union public safety employees. Voluntary LTD - Long term disability is available to other employee groups as a voluntary employee -paid benefit. The terms of the long term disability coverage, including the formula used to calculate the benefit and the waiting period before an employee may receive long term disability benefits will be established by the City. 4.3 Public Employment Retirement Association ("PERA") Almost all city employees in the State of Minnesota are covered by a public pension system known as the PERA. Both the City and employees contribute to PERA. For specific information regarding annual contribution rates, contact Human Resources. Vesting time varies depending on membership eligibility date and the pension is portable among public employers throughout the state. Being vested means qualifying for benefits at the minimum allowable age. In normal situations, employees and employers both contribute a percentage of the employee's eligible gross salary to PERA. However, Minnesota law provides that some income received by an employee are not eligible for PERA contributions. Employees should contact Human Resources with specific questions regarding PERA contributions. 4.4 Deferred Compensation All employees eligible to enroll in PERA are also eligible to place a portion of their earnings in a pre-tax investment program. Deferred compensation plans are available through ICMA Retirement Corporation and Minnesota State Deferred Compensation. Please contact Human Resources 171Page