2001-02-28 CC Handouts - Laserfiche WebLink

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[Feb. 12, 2001] APPENDIX B INSURANCE Effective January 1, 2001: The EMPLOYER will continue to pay fifty percent (50%) of the individual health insurance-- premium for permanent part-time employees up to a maximum of two hundred and seven dollars ($207.00) per month. The EMPLOYER will pay a flat fee of two hundred fifty-seven ($257.00) dollars per month for permanentfull-time employees electing single health insurance coverage. Any amount over the $257.00 premium will be paid by the EMPLOYEE. Any excess amount not used for health insurance under the $257.00 flat fee can be used to purchase additional life insurance or taken as deferred compensation. The EMPLOYER will pay a flat fee of four hundred and seven dollars ($407.00) per month for permanent full-time employees electing family insurance coverage. Any amount over the $407.00 premium will be paid by the Employee. Any excess amount not used for health insurance under the $407.00 flat fee can be used to purchase additional life insurance or taken as deferred compensation. The EMPLOYER shall continue to provide for each employee the same Dental Insurance coverage as current non-bargaining unit employees receive in accordance with the City's current policy. The Employer/ Employee split of insurance premium increases will be eighty percent (80%) Employer and twenty percent (20%) Employee of the lowest cost plan offered by the City. All increases will be retroactive to January 1, 2001. DEFERRED COMPENSATION PROGRAM Employees choosing not to be covered by City paid medical insurance will be eligible to contribute the full amount of the single premium towards a deferred compensation plan, effective January 1,2001 through December 31, 2003. 19