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HomeMy WebLinkAbout06-164 - ADMIN Resolution - City Council - 2006/10/16RESOLUTION NO. 06-164 RESOLUTION ESTABLISHING 2007 EMPLOYER BENEFITS CONTRIBUTION 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. Effective January 1, 2007, the monthly contribution of benefit dollars from the City for non-union non-exempt employees working at least 30 hours per week, be set at $690 per month. 2. Effective January 1, 2007, non-union non-exempt employees working at least 30 hours per week who elect to participate in the $2,500 Deductible plan will receive an additional $25 per month (for a total of $715 per month). The additional funds are to assist non- exempt employees in funding the VEBA account for the high deductible plan. 3. Effective January 1, 2007, the monthly contnbution of benefit dollars from the City for non-union exempt employees working at least 30 hours per week, be set at $715 per month. 4. Effective January 1, 2007, the monthly contnbution 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 or non-exempt full time employee monthly contribution level, and for non-exempt this shall also include 50% of #2 above. 5. 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. Resolution No. 06-164 -2- 6. The appropnate City officials are hereby authonzed and directed to deduct the balance of any sum premium from the compensation of an employee or officer and remit to the insurer under an approved contract the employee's or officer's share of any such premium. The VEBA contnbution is set to be within the employer contribution and is determined by the employer and plan constraints. for Administration MEM WWII City M Attest. Ado ted by the City Council October 16, 2006 May