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Home My WebLink AboutCS Employee Benefit Information; pamphlet (2003)CREDIT UNION All City employees are eligible to enroll as members in the Brazos Valley Schools Credit Union. Benefits include provisions for share accounts, loans, payroll deductions, money orders, etc. DEFERRED COMPENSATION The City offers two (2) voluntary deferred compensation plans administered by I.C.M.A. Retirement Corporation and Nationwide Retirement Solutions. By participating in these plans, the employee does not pay current income taxes on earnings that are deferred. As a result, the employee's taxes are reduced and the savings are invested in a high -performing fund. EDUCATIONAL REIMBURSEMENT All regular, full-time employees who have worked for the City at least one (1) year are eligible for educational reimbursement. The courses must be taken at an accredited college, university, or technical school and must be job related. Reimbursement shall be for tuition, laboratory fees, or other school service fees, within a total yearly maximum of $1,000.00 ($500.00 per semester). Police and Fire may become eligible for certification pay in lieu of educational reimbursement. Revised 1/23/03 www.ci.college-station.tx.us CITY OF COLLEGE STATION BENEFIT INFORMATION Effective January 1, 2003 "Embracing the Past, Exploring the Future." Home of Texas A&M University and the George Bush Presidential Library GROUP INSURANCE Eligibility for the following benefits (Group Insurance, Vision, Term Life, AD&D and Dependent Life) begins the first of the month following the date of hire. Medical - UNICARE Dental - Guardian Employee Only: Standard Plan: $15.00 5 - 15 years Premium Plan: $40.00 Employee + Spouse: Standard Plan: $225.00 Premium Plan: $320.00 Employee + Child(ren): Standard Plan: $195.00 Premium Plan: $259.00 Employee + Family: Standard Plan: $300.00 Premium Plan: $395.00 * Premiums listed are per month Optional Health Insurance: Employees who have coverage elsewhere, may participate in a fixed reimbursement plan. Vision Care Reimbursement: Available to all active employees and their dependents, covered by the City's health plan. Eye Exam — up to $25.00 per calendar year Eye Glasses, Frames, or Contacts — up to $25.00 per calendar year. TERM LIFE INSURANCE Employees are covered under term life policy equal to 2x their annual salary (paid by the City). ACCIDENTAL DEATH & DISMEMBERMENT Employees are covered under an accidental death and dismemberment policy equal to 2x their annual salary (paid by the City). DEPENDENT LIFE INSURANCE Option I Monthly premium: $6.65/month $50,000 for spouse/$10,000 for child(ren) Option II Monthly premium: $1.20/month $20,000 for spouse/$10,000 for child(ren) Employees can purchase additional life insurance at a group rate. VERONICA0003 OPEN ENROLLMENT\BENEFIT BROCHURE 2003 FLEXIBLE BENEFIT PLAN The Flexible Benefit Plan is offered to all regular, full-time and part-time employees. The Flex Plan is a way to save tax dollars on insurance premiums, out -of pocket medical, dental and vision expenses, and dependent care (i.e. child care) expenses. A predetermined amount of the employee's paycheck is set-aside in a tax-exempt account from which the employee draws as expenses are incurred. LONG-TERM DISABILITY After three months of continuous employment, employees are covered under a long-term disability policy. The policy covers disabilities sustained both on and off the job. The benefits become payable after a 180 day period of disability and will be paid in the amount of 60% of the employee's earnings, reduced by the amount of income from other sources, such as Worker's Compensation. The minimum benefit is $50.00/ month. VACATION All full-time employees (except fire and police, which have their own schedule,) shall accrue the following: Upon Completion of: Days Accrued per Year: 0 - 2 years 10 days 2 - 5 years 12 days 5 - 15 years 15 days 15 years & over 20 Days Employees are encouraged to take their full vacation leave in the year in which it is accrued. Vacation may be accumulated for a maximum of three (3) years credit. Vacation with pay may not be granted until a new employee has completed six (6) months of employment. VACATION COMMISSIONED POLICE OFFICERS Upon completion of: Hours Accrued per Year: 0 - 1 year 80 hours 1 - 18 years 120 hours 18 years and over 160 hours FIRE (Shift Personnel) Upon completion of: # of Shifts Accrued/Year: 0 - 1 year 5 shifts 1 - 19 years 7 shifts 19 years and over 9 shifts HOLIDAYS All regular full-time employees will receive 11 paid holidays. Police may receive days off in lieu of a holiday. Fire receives four shifts per year. SICK/EMERGENCY LEAVE Regular full-time employees earn a maximum of 96 hours of sick leave each year (except for Fire shift employees). Sick leave may be taken when sickness, injury or doctor appointments prevent the employee's performance of duty, or when a family member is ill. Fire shift personnel earn a maximum of 6 shifts or 144 hours of sick leave each year. RETIREMENT Employees are required to participate in the Texas Municipal Retirement System. Each employee deposits 6% of his or her salary (tax deferred) to the Retirement Fund. Employees are vested in the System after 5 years of service at which time the City contributes to the fund at a 2:1 ratio. Employees may retire at any age after 20 years of service, or an employee can have 5 years of service and be 60 years of age to retire. An employee who leaves the service of the City and ceases to be a member of this System is entitled to a refund of all accumulated contributions, plus interest (less 20% with- holding), in the account or may leave them in the fund for up to five (5) years.