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<br />Regular City Council Minutes - 4/14/03 <br />Page 3 <br /> <br />base wage as defined in the City's <br />Personnel Policy; <br />2) Twelve (12) months of health and dental <br />coverage at the least-costly single- <br />coverage plan, or a taxable cash payout of <br />the same value; <br />3) Two (2) months severance at their current <br />base wage; and <br />4) Up to $3,000 in City contribution to PERA <br />for the purposes of maintaining an <br />employee's pension benefit at a level that <br />would have occurred had the employee <br />remained employed with the City, or a <br />taxable cash payout of the equivalent <br />amount. <br /> <br />Councilmember Klausing asked about the savings to the <br />City in the first year of the proposed program and in <br />subsequent years. He also asked about the terms of a <br />"normal" severance plan. <br /> <br />Councilmember Kough asked about past practice; whether <br />the City has offered an early retirement plan before; and <br />about PERA retirement provisions. He also questioned <br />paying retirees for accrued sick leave. <br /> <br />Councilmember Maschka spoke in favor of the proposed <br />policy. <br /> <br />Councilmember Schroeder questioned paying retirees for <br />accrued sick leave and questioned the administration of <br />the program. <br /> <br />Councilmember Kough asked about selective offering of <br />the proposed program and COBRA rights. <br /> <br />City Attorney Anderson responded that "bumping" rights <br />don't pertain; COBRA is an expense of the employee who <br />chooses to apply for the proposed program; and the <br />proposed program does not appear to violate any laws. <br />