2024-069 Resolution - Laserfiche WebLink

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42-9214.02. Employee Contribudons/Premium Cost Components. Employee(s) participating in the city's medical insurance coverage program shall contribute an amount equal to thirteen percent (13%) of the plan premium or expected costs of such medical plan, and the Employer shall contribute eighty-seven percent (87%) of such costs. The employee contribution shall be withheld via payroll deduction not later than the first pay period each month. 1293 Expected cost or premium is defined as the cost of all medical, hospital, prescription drug, and related fees including, but not limited to administrative fees. (Note: moved from below) d2-9314.03. HSA/HDHP Fundine. Fef t` -----^^^r eiiij,, the c...plsy__ will off__..Nip ppQ As part of its plan offerings, the City may include HAS or HRA Plan Designs, which include a City -provided HAS or HRA funding level, the level of which will be established by the Ciry. The parties agree that for the years 2024-2026, the HAS funding level will be not less than fifty percent (50%) of the annual deductible of individual and family coverage. The parties agree that prior to establishing a HRA funding structure, it will meet and confer with the Union over the effects of such action. 12.04 14.04. Dental/Vision Coverare. Employees shall participate in the AFSCME Dental Benefit Plan and Vision Benefits of America, Inc. (VBA) Vision Plan as long as such is available. Should availability change, the parties will meet and confer with the Union over the effects of such action. fees. (Note: moved to Section 14.02) (Note: moved to section 14.01) 12.9414.05. Life Insurance/Line ofDuty Coverare. W.O i All employees shall receive a twenty- five thousand dollar ($25,000.00) in-group terra life insurance policy in their name paid for by the Employer. (From Article 19) The Employer will secure a commercial insurance policy whereby any bargaining unit member lulled in the line of duty shall receive to his spouse or estate a payment of fifty thousand dollars ($50,000.00). Such payment will be made in accordance with the terms of the commercial plan. 129814.06. Oualified 125 -Plan Status. The Employer shall cause the Health Care Plan to be a qualified Plan under Section 125 of the Internal Revenue Code. 14 4889-1582-5157, v.3