Res16 15533 - Laserfiche WebLink

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Iv. HEALTH BENEFITS Medical Insurance/Cafeteria Plan - The City agrees to contract with the California Public Employee's Retirement System (CaIPERS) for participation under the Public Employees Medical and Hospital Care Act (Government Code Section 22750, et, seq.), for the purpose of providing medical insurance benefits for employees and qualifying annuitants, pursuant specifically to Government Code Section 22825 and 22850. The City's maximum contribution for each eligible, active employee for a Health Benefit Plan shall not exceed the amount referenced in Government Code 22825. The health plans offered shall be those of the California Public Employee's Retirement System (PERS) or any other reasonably comparable health plan options. For Executive Management employees hired before January 1, 2013 who have five (5) years of service and retire under the City's retirement, the maximum City contribution toward health plan coverage shall be equal to the premium paid for an active employee. For Executive Management employees hired on or after January 1, 2013 who have ten (10) years of service and retire under the City's retirement, the maximum City contribution toward health plan coverage shall be equal to the premium paid for an active employee. In the event there are any costs not charged to the City due to delays by PERS and/or other administrative agencies in calculating or reporting these costs, said costs shall be carried over and charged as administrative costs to the following plan year and deducted from the aforementioned monthly dollar caps accordingly. The City shall establish in accordance with Section 125 of the IRS Code a Cafeteria Plan establishing the following individual accounts for each active employee: A. Group Health Plan Medical Premiums B. Flexible Spending Account for Dependent Care C. Flexible Spending Account for Medical Expenses Effective January 1, 2012, the City's monthly contribution for each eligible full-time employee for the aforementioned Cafeteria Plan shall be equal to ninety percent (90%) of the premium of the health plan and level of coverage selected by the employee, up to ninety percent (90%) of the CaIPERS Bay Area Kaiser Family Premium per employee, minus applicable administration fees. a. Health Savings/Cash Option — Effective January 1, 2012, if an employee elects no health coverage and shows evidence of other coverage, $200 per month may be taken as cash . The employee may also elect to have such funds deposited in a Flexible Spending Account (FSA) or Dependent Care Reimbursement Account. ATTY/RES0.0096/CC RESO FOR EXECUTIVE MANAGEMENT SALARY & SUMMURY OF BENEFITS EXHIBIT B REV: 10-1446 RL Page 9 of 18