Reso 2025-3877 - Laserfiche WebLink

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Section 6. Optional pre-tax insurance plans. The City offers employees optional pre- tax insurance plans. Plans include cancer insurance, short term disability insurance and more. Also offered is a Flexible Spending Account, which can be used to put money aside, pre-tax, for planned, medical/dental expenses and for childcare expenses. Section 7. Retirement. Employees classified as special risk are automatically enrolled in the Florida Retirement System ("FRS"). The Employer's contribution rates for special risk employees shall be the rate established by FRS pursuant to state law. The Employee's contribution rate shall be established by FRS pursuant to state law. Section 8. Retirement Health Stipend Plan. Upon retiring,, Retired employees with twenty (20) years or more of sworn service with the City shall receive a S-54* 750 a month stipend until the age of 65 at which time the &599 $750 stipend shall be reduced to $2-5-9 500 a month for two (2) years from the date the employee reached the age of 65. Employees who have retired in good standing from another agency or who transfer into the Department, with a minimum of ten (10) years of full-time sworn service with the other agency, and who thereafter have a minimum of ten (10) years of sworn service with the Department, will have a one-time option to receive a monthly health insurance stipend of $250 upon satisfactory separation from the Department until the employee reaches the age of 65, or for a maximum of eight (8) years, whichever first occurs. If the retired or separated employee has health insurance coverage from previous or current employment or from a spouse, the employee shall not be eligible to participate in the retirement health benefits program. In order to qualify for this retired health benefit, the retired employee shall execute an affidavit on an annual basis attesting that they are not receiving other monies to pay for their health insurance premiums from any other source. 14 is her-eb . agreed that a empleyee, whe was hired as a part of the er-iginal group of peliee effieer-s at the time of the ereation of the peliee depaAment, shall be eligible fef the r-efir-ement health benefits pr-egfaffl diseussed herein- The S -SW stipend will be used exclusively to pay health insurance premiums. The stipend may be reduced if the retired or- separ-a4ed employee's monetary contribution to a health insurance plan is less than the stipend. Employees who retired prior to the effective date of this agreement shall not be affected, and their stipend (and terms and conditions) shall remain as specified under the contract in effect at the time of their retirement. -38- 164