AgdaPkt 2011-06-27 - Laserfiche WebLink

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6.1.B. - Page 57 Recommended Changes to Executive Management Summary of Benefits Term: July 1, 2011 through June 30, 2013 Salary: Adjustment to salary ranged based on survey results consistent with the existing compensation plan. No change is proposed. The City will evaluate salary compaction of Executive Management employees. Medical Coverage: Effective January 1, 2012 the City will provide a monthly Cafeteria Plan Allowance 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. Currently funds remaining following the purchase of medical coverage may be credited to the employee's flexible spending accounts. Effective January 1, 2012, no remaining Cafeteria plan funds shall be credited to the employee's flexible spending accounts. An employee who currently opts out of health plan coverage is eligible to receive approximately 50% of the City contribution as cash. Effective January 1, 2012 an employee who opts out of health plan coverage will receive $200 per month as cash. Dental and Vision Insurance: Effective January 1, 2012, the City will pay ninety percent (90 %) of the dental and vision insurance premium for eligible employees and dependents. This is a reduction from a City payment of 100 %. Retirement: January 1, 2012, each unit member shall pay two and one -half percent (2.5 %) toward the employer cost of retirement. January 1, 2013, each unit member shall pay an additional two and one -half percent (2.5 %) for a total of five percent (5 %) toward the employer cost of retirement. Covered Classifications The positions of Executive Assistant to the City Manager and Senior Human Resources Analyst shall be covered under the Executive Management Summary of Benefits. These classifications currently receive the benefits provided employees in the Redwood City Management Employees Association (RCMEA). They shall continue to receive benefits and compensation, and future adjustments, equal to those received by employees in the RCMEA.