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HomeMy WebLinkAbout04-140 - ADMIN Resolution - City Council - 2004/11/15• o RESOLUTION NO. 04-140 RESOLUTION ESTABLISHING EMPLOYER CONTRIBUTION FOR BENEFITS FOR 2005 WHEREAS, the City Council has established a benefit plan that provides an effective means for providing employee group benefits, and WHEREAS, the City Council establishes rates and plans for each calendar year, and, WHEREAS, the administration of such plans will be in accordance with plan documents as approved by the City Manager, who will also set policy and procedures for benefit level classification and administration of plans NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of St Louis Park 1. The Council supports implementation of a high deductible plan with a health savings account for employees for 2005. 2 Effective January 1, 2005, the monthly contribution of benefit dollars from the city for full time employees and City Manager will increase $10 per month as follows • non-exempt employees, working at least 30 hours per week $605/month • exempt employees working at least 30 hours per week $705/month 3. Effective January 1, 2005, non-exempt employees who elect to participate in the high deductible plan will receive an additional $70 per month (for a total of $675 per month). The additional funds are to assist non-exempt employees in funding the high deductible plan and placement of the funds into the health savings account (VEBA) for the deductible 4 The City will continue to provide, at no cost to exempt employees, term -life insurance at one and one-half times the annual salary and a long-term disability plan or cost equivalent as plan allows. 5 Effective January 1, 2005, the monthly contribution of benefit dollars for non-union employees (classified as .5 FTE) working 20 through 29 hours per week shall be set at 50% of the exempt 01 non-exempt full time employee monthly contribution level, and for non-exempt this shall also include 50% of #3 above 6 The appropnate City officials are hereby authorized and directed to deduct the balance of any sum ium from the compensation of an employee or officer and remit the insurer under an approved act the employee or officer and share of any such premium. R d for Administration City Ma Attest. g 4;;:-4-41----ly Clerk Adopt the City Council November 15, 2004 Ma