R2023-137 Resolution Authorizing Pay and Benefits I.A.F.F. Local 505, Fire Association

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desire to offer shall be required to meet the requirements of Section 1 (a), except as expressly provided in Section 1 (b) hereof, or as agreed upon in Section 5 below. Section 2. Allocation of Premium Costs. The City and the employee shall pay the following premium costs for employees and their dependents who enroll in the PPO insurance plan as provided in Section 1(a). Effective May 1, 2010, the employee shall contribute $15 per month for single coverage and $75.00 per month for family coverage, and the City shall contribute the remainder. Effective May 1, 2011, the employee shall contribute $30.00 per month for single coverage and $100.00 per month for family coverage, and the City shall contribute the remainder. Effective May 1, 2012, the employee shall contribute $45.00 per month for single coverage and $125.00 per month for family coverage, and the City shall contribute the remainder. Effective April 30, 2013, the employee shall contribute $60.00 per month for single coverage and $150.00 per month for family coverage, and the City shall contribute the remainder. On May 1, 2014, and May 1 of each year thereafter, monthly employee contributions for single and family coverage for the City's insurance benefit plan shall change by the same percentage (increase or decrease) as the plan premium percentage change effective January 1 of that year, as determined by the City's Risk Management Division; except that no annual increase in monthly employee contributions shall exceed seven and one half percent (7.5%). Effective January 1, 2018, no annual increase in monthly employee contributions shall exceed eight and one half percent (8.5%). Changes in employee contributions shall be rounded to the nearest whole dollar. Notice of the plan premium percentage change shall be provided to the Union, and upon written request, documentation substantiating the percentage change shall be provided to the Union at the time of plan renewal. Upon written authorization by an employee, the city shall deduct from the wages or salary of such employee each sum as is certified by the City as premium payment for enrollment in the City dental insurance plan. Section 3. Section 125 Flexible Spending Account. The City shall continue to maintain a Section 125 Flexible Spending Account plan for purposes of allowing employees to make contributions for unreimbursed medical and dependent care expenses and premium costs for city provided health insurance as authorized by 125 of the Internal Revenue Code. Section 4. Those employees under the age of 65 years who retired after May 1, 1981, and who enrolled, on October 31, 1990, in the group plan established by the Union, and those employees who retire after November 1, 1990,and those employees who are or have been placed on disability pension pursuant to State statute on or after November 1, 1990, shall be entitled to belong to the employee and dependent medical, major medical and hospital insurance programs provided for employees under the provisions of this Agreement, provided that such retired or disabled employees pay the entire premium for such insurance. Such employees must notify the City in writing of their intention to exercise the option provided for herein not later than (a) November 10, 1990, or (b) ten (10) days after retirement or approval of a disability pension, whichever date is later. 27