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<br />. <br /> <br />OVERVIEW <br /> <br />At the City of Maple Grove, we <br />recognize that all employees have <br />unique personal and family health care, <br />insurance and financial needs. Since no <br />two employees are exactly alike, we've <br />made choice and flexibility the <br />cornerstones of the Flexible Benefits <br />Plan. The Plan gives you an opportunity <br />to design a benefits package that. more <br />closely fits your personal needs and <br />goals. <br /> <br />..~ <br /> <br />The City of Maple Grove makes monthly <br />Employer Contributions to the Plan on <br />your behalf. You may use these <br />Employer Contributions to purchase <br />benefits from a menu. some benefits <br />are considered "CORE". That is, they <br />are required for all Plan participants. A <br />variety of additional benefits are <br />"OPTIONAL" and are available for <br />purchase with the money that is not <br />spent on Core benefits. <br /> <br />If you use up all your Employer <br />Contributions and still have additional <br />needs, you may contribute your own <br />money to the Plan. Stich vc;>luntary <br />Employee Contributions increase your <br />buying power. - giving you more <br />flexibility to pick and choose among the <br />coverages that are offered. <br /> <br />Any money left over after buying Core <br />and Optional benefits may be taken as <br />extra taxable compensation in your <br />regular paycheck and then, if you wish, <br />you could alsoconsider.deferring..some <br />of your dollars pre-tax, to a Section 457 <br />Deferred Compensation Plan. <br /> <br />. <br /> <br />The diagram to the right illustrates the <br />selection process. <br /> <br />Monthly Employer and Voluntary <br />Employee Contributions <br /> <br />CORE BENEFITS <br />I <br />Medical Coverage for Yourself <br />I <br />Basic Life Insurance for Yourself <br />I <br />Dental Coverage for Yourself <br />(Not required if Family Medical Coverage is <br />selected . <br /> <br />OPTIONAL BENEFITS <br />I <br />Family Medical Coverage <br />I <br />Family Dental Coverage <br />I <br />Optional Life Insurance for You and Your <br />Famil <br />I <br />Long-Term Disability Coverage for <br />Yourself <br />I <br />Flexible Spending Accounts for You and <br />Your Famil <br /> <br />CASH <br />I <br />Taxable Cash Compensation <br />I <br />Section 457 Deferred Compensation Plan <br />(Please note that you can begin <br />participation or change any current <br />contributions to your deferred compensation <br />plan at any time throughout the year. This <br />benefit, unlike the'others noted above, is not <br />limited to this annual enrollment period for <br />making changes or beginning new <br />contributions . <br /> <br />1 <br />