Agenda - Council - 12/10/2024 - Laserfiche WebLink

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SECTION 4 BENEFITS 4.1 Group Insurance To be eligible for group health, dental, or life insurance benefits with the ctyCity-a,f Ramsey employees must be a -regular employees scheduled to work at least 30 hours per week.— The GityCity provides a contribution toward health insurance, single dental insurance and basic life insurance for full-time employees, as approved annually by the 6ikyCity Council annually. Members of the C4tyCity Council are eligible for group health insurance in the CityCity's group health insurance plan without affecting Councilmembers their' total compensation from the CityCity. The 6ityCity will also continue to provide basic life insurance for employees participating in PERA's Phased Retirement program -was 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 CityCity willshall 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 hHealth cGare rReform law while -and avoidavereliag penalties, part-time employees will be scheduled based onwith business needs and in manner thatwhieh 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 the long termlong-term disability coverage, including the benefit calculation formula used to calculate the benefit and the waiting period before eligibility, are an employee may receive long term disability benefits will be established by the CityCity. 4.3 Public Employment Retirement Association ("PERA') Almost all eityCity employees in the State of Minnesota are covered by a public pension system known as -the PERA, to which —bBoth the 6ityCity and employees contribute to PERA. For specific information on regarding annual contribution rates, employees should contact Human ResourcesHuman Resources.— Vesting time vanes depending on membership eligibility date, and 141Page