Res18 15714 - Laserfiche WebLink

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11/05/2018 charged to the City due to delays by CalPERS 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 health plans offered shall be those of the California Public Employee's Retirement System (PERS) or any other reasonably comparable health plan options. 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 CalPERS Bay Area Kaiser Family Premium per employee, minus applicable administration fees. Health Savings/Cash Option — Effective January 1, 2012, if an employee elects no City -offered health insurance coverage and provides attestation of alternate "minimum essential coverage for the employee and all individuals in his or her tax family, $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. Retiree Health — For Executive Management employees hired before January 1, 2013 who have five (5) years of service, or hired on or after January 1, 2013 who have ten (10) years of service, and retire under the City's retirement plan within one hundred twenty (120) days of separation from City employment, the retirement stipend paid by the City shall be as follows: Retiree Health Tier 1: For retirees hired by the City before September 1, 2018, the City's stipend shall be the amount of the premium for single party coverage in the plan selected by the retiree, not to exceed the amount of the CalPERS Bay Area Kaiser Premium for family coverage. The City will pay the PEMHCA minimum employer contribution to CalPERS and reimburse the retiree for the remaining difference in premium amount. For Retiree Health Tier 1 retirees hired by the City before September 1, 2018, who reside in other higher priced regions, the City's stipend shall be the amount of the premium for single party coverage in the plan selected by the retiree, not to exceed the amount of the CalPERS Bay Area Kaiser Premium for family coverage based on the Bay Area Regional pricing schedule. The retiree will be required to pay the additional premium amount that ATTY/RESO.0104/CC RESO AMENDING SALARY & WAGE PLAN FOR EXECUTIVE MANAGEMENT POSITIONS RESO. NO. 15714 REV: 11-01-18 RL MUFF NO. 905 Page 15 of 22