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CITY OF REDWOOD CITY <br />SUMMARY OF COMPENSATION AND TERMS OF EMPLOYMENT <br />FOR THE CONFIDENTIAL EMPLOYEE GROUP <br /> <br />Page 20 of 34 <br />c. Cash-In-Lieu: Effective January 1, 2022, if an employee elects no City- <br />offered health insurance coverage and provides attestation of alternate <br />minimum essential coverage for the employee and all individuals in their <br />tax family, two hundred and six dollars and forty six cents ($206.46) per <br />month will be paid in cash. <br /> <br />d. The amounts listed in this Section shall be prorated for each regular part- <br />time employee working (20) or more hours per week. <br /> <br />e. Any funds remaining at the end of the fiscal year in each individual <br />Cafeteria Plan account shall be returned to the general fund for use <br />consistent with IRS Code Section 125. <br /> <br />4. Retiree Health: For employees who have ten (10) or more years of consecutive <br />City service and retire under the City’s retirement plan within one hundred <br />twenty (120) days of separation from City employment, the maximum City <br />contribution toward health plan coverage shall be: <br />a. Retiree Health Tier 1: For retirees hired by the City before October 1, 2018, <br />the City’s contribution shall be the amount of the premium for single party <br />coverage in the plan selected by the retiree, not to exceed the amount of <br />the CalPERS Bay Area Kaiser Premium for family-level coverage. The City <br />will pay the PEMHCA minimum employer contribution to CalPERS and <br />reimburse the retiree for the remaining difference in premium amount. <br /> <br />For Retiree Health Tier 1 Retirees hired by the City before October 1, 2018 <br />who reside in other higher priced regions, the City’s contribution shall not <br />exceed the amount of the premium for single party coverage in the plan <br />selected by the retiree, not to exceed the amount of the CalPERS Bay Area <br />Kaiser Premium for family coverage based on the Bay Area Regional pricing <br />schedule. The retiree will be required to pay the additional premium <br />amount that is in excess of the Bay Area rates. The City will pay the <br />PEMHCA minimum employer contribution to CalPERS and reimburse the <br />retiree for the remaining difference in the premium amount. When the <br />retiree becomes eligible for Medicare, the City will not reimburse the <br />retiree for Medicare Parts A and B. <br /> <br />b. Retiree Health Tier 2: For retirees hired by the City on or after October 1, <br />2018, the City’s contribution shall not exceed ninety percent (90%) of the <br />CalPERS Bay Area Kaiser Premium for employee only coverage. The City <br />6.I. - Page 84 of 119 <br />498