2011-12-14 CC Packet - Laserfiche WebLink

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required to choose at least the core benefit plan, ssjWA dental coverage short -term disability and term life insurance Any balance remaining after the required core benefits have been purchased may be used in any authorized area of the plan, such as: (A) The purchase of additional life, disability, or long term care insurance offered through the City s plan; (B) Contribution to an authorized Health Care Savings Account to the extent permitted by applicable lacer (C) Contribution to an Employer sponsored deferred compensation (45 7) program. (D) Or, the Employee may elect to receive the balance in taxable income Deleted:.. Caned in d e City'. C.te.e.k Pkn dacumen. Formatted: Indent; Left: 0.5', Hanging: 0.5' Deleted: enobk.pendiog.rc EXCEPTION New employees hired after December 31 2011 shall not be - --- -- Forn:attN: Indent: Left: Os permitted to use employer contributions to contribute to items C or D 11.3 Continuation of Benefits Health Plans: Employees will be allowed to continue health and dental insurance coverage upon termination in accordance with Minnesota Continuation laws and /or federal COBRA regulations. Certain "qualifying" events trigger an Employee's and /or dependents' right to continuation coverage. Termination or Reduction: Generally, an Employee and his or her dependents are allowed to continue coverage for a period of eighteen (18) months when one of the following qualifying events occurs: A reduction in the Employee's work hours (including strikes or layoffs); or Voluntary or involuntary termination of the Employee for reasons other than gross misconduct. Divorce, Separation, Death: In the instance of divorce, legal separation or death of the Employee, a spouse and /or dependent child may continue coverage until: • Coverage is obtained under another group plan; or • Until coverage would otherwise end under the plan, such as the City terminating their group coverage for all Employees. life Insurance Benefits: Generally, if an Employee loses coverage through termination of employment or reduction in hours, s /he has a right to continue group life insurance benefits for a period of eighteen (18) months from the loss of the coverage date. Health FSA: In cases where an Employee has under-spent his /her health FSA, coverage generally will only be coafinued until tlteend of the plan- year- ---------- --- Delowd: 12-M, 2000 Page 25 of 51 Adopted .2011