4.7 SR 12-18-2023 - Laserfiche WebLink

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General Benefits Following is an overview of benefits available to eligible employees. The descriptions provided are not intended to be comprehensive and all questions regarding eligibility and benefit levels should be directed to Human Resources. The plan documents govern any inconsistencies between plan documents and the information provided in this section. Benefits and eligibility requirements are subject to change, and such changes may not be reflected in this description. The city reserves the right, in its sole discretion, to change, modify or eliminate benefits at any time, except to the extent prohibited by law. Insurance Various insurance policies, including group medical insurance, may be available for eligible city employees and their dependents. Information about the benefits an employee is eligible for are provided to them during their orientation. Questions about benefits should be directed to Human Resources. The eligibility requirements and benefits provided are specified in materials provided by the respective insurance carriers. Carriers may have different requirements concerning eligibility and they 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 the Consolidated Omnibus Budget Reconstruction Act of 1985 (COBRA) and applicable state law. Retirement/PERA The city participates in the Public Employees Retirement Association (PERA) to provide pension benefits for its eligible employees to help plan for a.rucces.rful an�l.recure retire�nent. Participation in PERA is mandatory for most employees, and contributions into PERA begin immediately. The city and the employee contribute to PERA each pay period as determined by state law. Most employees are also required to contribute a portion of each paycheck for Social Security and Medicare (the city matches the employee's Social Security and Medicare withholcling for many employees). For information about PERA eligibility and contribution requirements, contact Human Resources. Employee Development / Tuition Reimbursement The city encourages and recommends lifelong learning and offers reimbursement to regular, full-time employees for up to 75% of the tuition paid by the employee, excluding scholarships and grants up to a ma�imum reimbursement of $3,000 per year (based on the budget year the expense is applied) for accredited college or other instruction direcdy related to the employee's position with the city. To be eligible for reimbursement the follo��ing requirements must be met: 1. Prior to registration, a completed Tuition Bei�nbur.re�nent Begue.rt For�c must be signed and on file with Human Resources; and 2. The instruction must be to obtain a degree, certification, or license and apply directly to the employee's position or be required to complete an associate, bachelor's, master's, or doctorate degree in the field in which the employee works; and Page 37�66