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General Benefits <br /> General Benefits <br /> Following is an overview of benefits available to eligible employees. The descriptions <br /> provided are not intended to be comprehensive and all questions regarding eligibility and <br /> benefit levels should be directed to your supervisor or Human Resources. The plan <br /> documents govern any inconsistencies between these plan documents and the information <br /> provided in this section. Benefits and eligibility requirements are subject to change, and <br /> such changes may not be reflected in this description. <br /> The city reserves the right, in its sole discretion, to change, modify or eliminate benefits at <br /> any time, except to the extent prohibited by law. <br /> Insurance <br /> Various insurance policies, including group medical insurance, may be available for <br /> eligible city employees and their dependents. The eligibility requirements and benefits <br /> provided are specified in materials provided by the respective insurance carriers. The <br /> respective carriers may have different requirements concerning the eligibility of <br /> employees. The requirements of the respective carrier will govern eligibility. <br /> Under some circumstances, eligible employees and their dependents may have the option <br /> of continuing coverage under certain city employee insurance plans for a limited time at <br /> the employee's own expense when coverage would otherwise end. This continuation right <br /> is provided in accordance with the Consolidated Omnibus Budget Reconstruction Act of <br /> 1985 (COBRA) and applicable state law. <br /> Deferred Compensation <br /> The city provides eligible employees the opportunity to participate in a Deferred <br /> Compensation Plan. This is a voluntary plan that allows employees to place a portion of <br /> their earnings into a pre-tax deferred investment program. <br /> Flexible Benefit Plan (Section 125) <br /> The city offers a plan in which a portion of an eligible employee's pay can be set aside, <br /> pre-tax, to cover certain estimated healthcare and daycare costs. The contribution is <br /> deducted from gross wages and is reimbursed to the employee upon proof of the medical <br /> or daycare expenses. By law, Flex Benefit funds must by expended by year end or they are <br /> forfeited. <br /> 29 <br />