CCP 12-13-2004 - Laserfiche WebLink

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. . . City of Arden Hills Sununarv Plan Descriotion WHAT HAPPENS IF I TERMINATE EMPLOYMENT? If your employment terminates, your Pre-tax Contributions will cease. You may be able to elect to continue certain coverages by making after-tax contributions. (See Continuation Coverage.) If you stop making payments toward continuation coverage for the health care reimbursement portion of the Plan, the coverage will cease. (See the discussion of "The Plan Year And The Period Of Coverage" in "Special Rules Relating To Reimbursement Benefits".) WHAT HAPPENS IF THE PLAN IS AMENDED OR TERMINATED? The Employer reserves the right to amend or terminate the Plan at any time and for any reason. If the Plan is amended your rights accrued prior to the amendment will not be affected. Your rights for periods after the amendment will depend on the amendment. If the Plan is terminated, your Pre-tax Contributions will cease. If the Plan is terminated, the Employer expects that you would be able to continue receiving reimbursements of eligible dependent care expenses on the same basis as if your employment had terminated. CONTINUATION OF COVERAGE WHAT ARE MY RIGHTS TO CONTINUATION COVERAGE? This section contains important information about your right to COBRA continuation coverage, which is a temporary extension of coverage under the Plan. The right to COBRA continuation coverage was creatcd by a federal law, ihe Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA). COBRA continuation coverage can become available to you and to other members of your family who are covered under the Plan when you would oiherwise lose your group health coverage. This notice generally explains COBRA continuation coverage, when it may become available to you and your family, and what you need to do to protect the right to receive it. Tbis notice gives only a sununary of your COBRA continuation coverage rights. For more information about your rights and obligations under the Plan and under federal law, you should either review the Plan's Summary Plan Description or get a copy of the Plan Document from the Plan Administrator. The Plan Administrator is City of Arden Hills, 1245 West Hwy 96, Arden Hills, MN 55112 and 651- 634-5125. Thc Plan Administrator is responsible for administering COBRA continuation coverage. COBRA continuation coverage is a continuation of Plan coverage when coverage would otherwise end because of a life event known as a "qualifying event." Specific qualifying events are listed later in this notice. COBRA continuation coverage must be offered to each person who is a "qualified beneficiary." A qualified beneficiary is someone who will lose coverage under the Plan because of a qualifying event. Depending on ihe type of qualifying event, employees, spouses of employees, and dependent children of employees may be qualified beneficiaries. Under the Plan, qualified beneficiaries who elect COBRA continuation coverage must pay for COBRA continuation coverage. If you are an employee, you will become a qualified beneficiary if you will lose your coverage under the Plan because either one ofthe following qualifying events happens: I. Your hours of employment are reduced, or 2. Your employment ends for any rcason other than your gross misconduct. SPD-13