4.12 SR 12-20-1999 - Laserfiche WebLink

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. . . GENERAL BENEFITS This is a brief description of benefits available to eligible employees. The descriptions provided here are not intended to be comprehensive and all questions regarding eligibility and benefit levels should be directed to your supervisor so the specific plan documents can be reviewed for an answer. The plan documents govern any inconsistencies between these documents and the information provided here. Benefits and eligibility requirements are subject to change, and such changes may not be reflected in this description. The City expects to offer its benefit plans for the foreseeable future, but it reserves the right, in its sole discretion, to change, modifY or eliminate them at any time, except to the extent prohibited by law. INSURANCES Various insurance policies, including group medical insurance, may be available for eligible City employees and their dependents. The eligibility requirements and benefits provided are specified in materials provided by the respective insurance carriers. The respective carriers may have different requirements concerning the eligibility of employees. The requirements of the respective carrier will govern eligibility. Under some circumstances, eligible employees and their dependents may have the option of continuing coverage under certain City employee insurance plans for a limited time at the employee's own expense when coverage would otherwise end. This continuation right is provided in accordance with COBRA (Consolidated Omnibus Budget Reconstruction Act of 1985) and applicable state law. Contact the Finance Department for additional information. DEFERRED COMPENSATION The City provides eligible employees the opportunity to participate in a Deferred Compensation Plan. This is a voluntary plan that allows employees to place a portion of their earnings into a pre-tax deferred investment program. Contact the Finance Department for information on this plan. FLEXffiLE BENEFITS PLAN (Section 125) The City offers a plan in which a portion of an eligible employee's pay can be set aside, pre-tax, to cover certain estimated health care and day care costs. This contribution is deducted from gross wages and is reimbursed to the employee upon proof of the medical or day care expenses. The employee must expend all the money contributed to the flexible benefit plan or lose it. For additional information on this plan, contact the Finance Department. 19