04-10-2023 Council Packet - Laserfiche WebLink

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213944v6 premium cost for single coverage of the highest option medical plan available), toward a cafeteria benefit plan that offers group health, life, long-term disability and dental insurance, subject to the health insurance opt-out provisions set out in Paragraph 21.4. The EMPLOYER’s contribution per employee receiving family (employee plus spouse and/or dependents) medical insurance coverage is the amount established in 2023, plus fifty (50%) percent of any increase in the family medical insurance the insurance premium, toward a cafeteria benefit plan that offers group health, life, long-term disability and dental insurance, subject to the health insurance opt-out provisions set out in Paragraph 21.4. 21.3 Effective January 1, 2025, In accordance with the Affordable Care Act, the EMPLOYER’s contribution per employee receiving single health insurance coverage is $915.00 per month, (however, at no time shall the Employer contribution be less than 100% of the premium cost for single coverage of the highest option health plan available), toward a cafeteria benefit plan that offers group health, life, long-term disability and dental insurance, subject to the health insurance opt-out provisions set out in Paragraph 21.4. The EMPLOYER’s contribution per employee receiving family (employee plus spouse and/or dependents) medical insurance coverage is the amount established in 2024, plus fifty (50%) percent of any increase in the family medical insurance the insurance premium, toward a cafeteria benefit plan that offers group health, life, long-term disability and dental insurance, subject to the health insurance opt-out provisions set out in Paragraph 21.4. 21.4 Health Insurance Opt-Out Option. If a health insurance opt-out option is available with the City's group health insurance plan, an employee who has health insurance through a group- sponsored plan elsewhere may elect to waive health insurance coverage. An employee who waives health insurance coverage will receive, as the City's insurance contribution, the difference between the lowest cost single coverage health insurance plan and the City's single insurance contribution, as set out in Paragraph 21.1 as an opt-out credit to use through the City's cafeteria benefit plan. ARTICLE 22 – HOLIDAYS 22.1 Recognized Holidays. Holidays include the following:  New Year’s Day …………………………………. January 1  Martin Luther King Day …………………………. Third Monday, January  President’s Day …………………………………... Third Monday, February  Memorial Day ……………………………………. Last Monday, May  Juneteenth Day ……………………………………. June 19  Independence Day ………………………………... July 4  Labor Day ………………………………………… First Monday, September  Veteran’s Day ……………………………………. November 11  Thanksgiving Day ………………………………... Fourth Thursday, November  The Day after Thanksgiving……………………… Fourth Friday in November  Christmas Eve Day……………………………….. December 24  Christmas Day …………………………………… December 25