1993_1108_packet - Laserfiche WebLink

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REQUEST For COUNCIL ACTION DATE: 11/08/93 ITEM Noe : Department Approval: Y Manager reviewed: Agenda Section: organizational Business { Item scription: Flexible Benefit Flan for regular Full-time Nonunion Employees& Back round The City of Roseville Employee Benefit Plan does not currently allow fleibil ity in benefit choices for employees who are covered under a spouse's medical plan and do not necessarily need coverage under our medical plane Attached is a p roposed benefit plan for regular full-time nonunion em to ees. This plan allows an employee who is covered under a p y# the City of Roseville and spouse's plan to drop medical coverage with y cheese: A City contribution toward a deferred comp. plan; or IF A monthly cash benefits Policy ob'ect i t By offering this plan, the City will save on benefit premium costs and employees will be able to choose the option that hest meets their particular needs* Financial implications Staff estimates $1,500 annual savings to the pity of Roseville based on the following a ssumption s Approximately one-third of our nonunion employees have the pp * � � � plan (20 em to ees option to participate in their spouse s p p y } . We estimate that one-half of those individuals (10) will choose to opt out of our plans Savings will be greater if more employees opt out and if individuals with family coverage opt out S Staff Recommendati Based on the p otential savings to the city and the additional flexibility being offered to employees' staff recommends that Council f y � approve the proposed plan. COUNCIL ACTION REQUESTED: : Motion authorizing taff to add the proposed new benefits to the City • � � the plan of Roseville Employee Flexible Benefit plan and to amend p accordingly, and update it to comply with changes in the Internal Revenue Service Code* F