Agenda - Council - 09/28/2021 - Laserfiche WebLink

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Employees receiving the waiving benefit prior to 2013 will continue to be grandlathered in to the waiving benefit. Other employees to the program are subject to the following terms: Employee must show proof of other coverage and agrees to the terms of the waiving benefit as described within the City's policy, signing the acknowledgement form B. 2023 and 2024 Premium Contributions if there is a Change in Total Premium Cost The parties understand and agree that the Monthly City Contributions described in Paragraph A. above, are based on the premiums for the City's $2,500 Perform Network insurance program ("Perform Network"). In the event that there are changes to the Perform Network premiums for 2023 and 2024 the Monthly City Contribution be adjusted as follows: I. Reduction in Premium If the total premium cost of the Perform Network decreases in 2023 or 2024 the Monthly City Contribution described in Paragraph A. above, will be adjusted as follows: • Employee only (single): The City will contribute the total cost of the $2500 deductible plan. Perform Network premium. but not to exceed the premium amount of the elected plan. • Employee and Children: The City's contribution will be reduced to 60% of the cost of the $2500 deductible plan, Perform Network premium. • Employee and Spouse: The City's contribution will be reduced to 60% of the cost of the $2500 deductible. Perform Network premium. • Family: The City's contribution will be reduced to 60% of the cost of the $2500 deductible. Perform Network premium. 2. Increase in Premium If the total premium cost of the Perform Network increases in 2023 or 2024 the Monthly City Contribution described in Paragraph A. above, will be adjusted as follows: • Employee only (single): The City will contribute the amount described in Paragraph A, plus the total increase in the premium cost for single coverage under the $2500 deductible. Perform Netivork 26