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15 <br />person deductible will apply to dependents each time benefits are available and will be paid <br />by the employee. The City will pay ninety percent (90%) of the vision insurance premium for <br />eligible employees and dependents. <br /> <br />Savings Clause – If, pursuant to any federal or state law which may become effective <br />subsequent to the effective date of this policy, the City is required to pay contributions or <br />taxes for hospital-medical-surgical, dental care, prescription drug or other health benefits to <br />be provided its employees under such federal or state act, the City’s obligation to furnish the <br />same benefits under the hospital-medical programs shall be suspended and the contributions <br />agreed to be paid monthly hereunder by the City shall be reduced each month by the amounts <br />which the city is required to expend during such month in the form of contributions or taxed <br />to support said federal or state health plan. <br /> <br />If, as a result of such law, the level of benefits provided by such law for any group of <br />employees, or their dependents, is lower in certain categories of services than that provided <br />under the existing major plan, the City shall, to the extent practical, provide a plan of benefits <br />supplementary to the federal or state benefits so as to make benefits in each category of <br />coverage as nearly comparable as possible to the benefits provided under the existing major <br />plan. The City need only expend for this purpose the actual amount required to achieve parity <br />between the benefits provided under any federal or state plan as supplemented in the <br />manner hereinabove described. In no event shall the City be required to expend for such <br />purposes an amount which when added to the contributions or taxes required of the City <br />under the federal or state act, shall exceed the amounts paid at the time such legislation <br />becomes effective. <br /> <br />If the benefits provided under the federal or state act exceed the benefits provided hereunder <br />in each category of coverage, the City shall be under no further obligation to make any <br />contribution. <br /> <br />Life Insurance – The City shall provide “basic” life insurance coverage of three thousand <br />dollars ($3,000) to all members of the Executive Management Group. The City shall offer to <br />eligible employee’s additional life insurance equal to one and one-half (1-1/2) times the <br />employee's annual salary at a 60/40 premium contribution split between the City and the <br />employee respectively. <br /> <br />Long Term Disability - The City will contract to provide Long Term Disability Insurance for <br />Executive Management employees. The City will pay the full cost of the basic rate (basic rate <br />provides for up to a three thousand dollars ($3,000) maximum monthly payout). A buy-up <br />option will be included to offer the employee the opportunity to increase their coverage, at <br />their own expense, up to an additional three thousand dollars ($3,000) monthly payout. The <br />total maximum monthly payout available will be six thousand dollars ($6,000). <br /> <br />Social Security - In the event the City and its employees are required to participate in the <br />Federal Social Security Program, the contribution designated by law to be the responsibility <br />ATTY/RESO.0129/CC RESO AMENDING CLASSIFICATION AND WAGE AND SALARY PLAN (EXECUTIVE MANAGEMENT) - EXHIBIT A <br />REV: 12-17-25 MI