Agenda - Council Work Session - 11/26/2024

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SECTION 4 BENEFITS 4.1 Group Insurance To be eligible for group health, dental, or life insurance benefits with the eityCity-ezf Ramsey employees must be regular employees scheduled to work at least 30 hours per week. The -GityCity provides a contribution towarc health insurance, single dental insurance and basic life insurance for full-time employees as approved annualliby the GityCity Council annually. Members of the GityCity Council are eligible for group health insurance in the Gi-tyCity's group health insurance plan without affecting Councilmembers their' total compensation from the -GityCity. The GityCity will also continue to provide basic life insurance for employees participating in PERA's Phased Retirement program as permitted by the insurance carrier. Employees wishing to remain on the City benefits, as permitted by the insurance carrier, may do so at their own cost based on the Minnesota Statute 471.61: "A unit of local government must allow a former employee and the employee's dependents to continue to participate indefinitely in the employer -sponsored hospital, medical, and dental insurance group that the employee participated in immediately before retirement, under the conditions set by state law". In accordance with federal health care reform laws and regulations, the GityCity wily 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 and avoidavaidifig penalties, part-time employees will be scheduled based one business needs and in manner hwnicji ensures positions retain the intended part-time status.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 employees. Voluntary LTD Long term disability is available to other employee groups as a voluntary employee -paid benefit. Terms of Coverage: The terms of long termlong-term disability coverage, including the benefit calculation formula i.tsed to calculate the benefit and the waiting period before eligibility, are an employee may receive long term disability benefits will be established by the City. 4.3 Public Employment Retirement Association ("PERA") Almost all eityCity employees in the State of Minnesota are covered by a public pension system known ash PERA, to which —both the GityCity and employees contribute -to FERA.—jor specific information on fegafdiftg annual contribution rates, employees snoillil contact Human ResourcesHuman Resources.— Vesting time varies depending on membership eligibility date and 291Page