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40. 457 DEFERRED COMPENSATION <br /> The Utilities will match funds contributed by employees, up to 3% of their base salary <br /> annually,with a maximum contribution of$2,000.00. These plans are administered by the <br /> Minnesota State Deferred Compensation Plan and/or Wenzel&Associates' ING Plan. <br /> The Utilities' contribution will be made as of May 31st of each plan year for the employee <br /> or as soon thereafter as administratively feasible. If an employee departs prior to May 31st, <br /> she/he will receive a prorated contribution for that year. For a complete plan description <br /> consult the summary plan description distributed to each employee or available upon <br /> request. <br /> 41. HEALTH INSURANCE COVERAGE <br /> For eligible employees who regularly work 30 hours per week, and enroll in a health <br /> insurance plan provided by the Utilities, the Utilities will pay seventy-five percent (75%) <br /> of the monthly premium per employee/family for health insurance. The Utilities currently <br /> offers both a conventional plan and a Health Savings Account-related plan. Plans and plan <br /> designs may change from time to time. The amount of the monthly premium for a health <br /> insurance plan over and above 75%of the total monthly premium for health care coverage <br /> is the responsibility of the employee. Employees should consult the Summary Plan <br /> Descriptions of the available plans for details regarding coverage and eligibility. A copy of <br /> these descriptions will be provided to employees and is available upon request. <br /> 42. DENTAL INSURANCE <br /> Eligible employees who regularly work at least 30 hours per week and who enroll in the <br /> Utilities' dental insurance plan, the Utilities will pay seventy-five percent (75%) of the <br /> monthly premium per employee/family for dental insurance. Any monthly premium over <br /> and above 75% of the dental coverage is the responsibility of the employee. Employees <br /> should consult the Summary Plan Description for details regarding coverage and <br /> eligibility. A copy of this description will be provided to employees and is available upon <br /> request. <br /> 43. LONG-TERM DISABILITY <br /> A Long-Term Disability Plan is provided to eligible employees who regularly work at least <br /> 30 hours per week. Schedule amount: 662/3%of Monthly Earnings subject to a maximum <br /> amount of $5,000.00 per month. Employees must be employed for two (2) months to <br /> qualify for coverage. Employees should consult the Summary Plan Description for details <br /> regarding coverage and eligibility. A copy of this description will be provided to <br /> employees and is available upon request. <br /> 32 <br /> August 2019 <br /> November 2015 <br /> 99 <br />