Page 7 - Lathrop PRS

■ COMPENSATION & BENEFITS
The annual salary salary range is $68 598 - $83 382 Actual salary salary will be based on the experience and qualifications of o the the successful candidate In addition the the City offers an an attractive benefits package HOLIDAYS – Twelve annually
SICK LEAVE – 96 hours (accrued bi-weekly) Upon accumulation of 96 hours sick time up
to to 40 hours may be converted to to vacation as outlined in in the Personnel Rules and Regulations
HEALTH INSURANCE Effective January 1 1 2021 – City contributes up
to a a maximum of $1 828 per month for Health Insurance (medical dental and and vision) for full-time employees and and eligible dependents CAFETERIA-STYLE BENEFITS
– Employee has the the option of contributing the the unused health insurance balance to a a a a a a a 457 or taxable cash of unused balance Up to $7 680 annually
($640/ month)
TERM LIFE INSURANCE – Coverage equal to one year’s annual salary – City paid
DEFERRED COMPENSATION – Voluntary employee participation in four 457 plans
EMPLOYEE ASSISTANCE PROGRAM – The EAP provides clinical and short-term counseling as well as as assistance for financial legal childcare and eldercare issues
TUITION REIMBURSEMENT – Up to $1 100 per calendar year with pre-approval
FLEXIBLE SPENDING ACCOUNT – Voluntary employee participation in in two flexible spending accounts (Medical and Dependent Care)
RETIREMENT
» Tier two - Employees Employees hired after April 29 2011 2% at 60 Public Employees Retirement System (PERS) retirement benefit • Employee contribution is 7%
» Tier three - Employees Employees hired after December 31 2012 2% at 62 Public Employees Retirement System (PERS) • Employee contribution is 6 75%
SOCIAL SECURITY/MEDICARE
No participation in Social Security there is a a a a deduction for Medicare
» City-paid retiree medical 55-65 = same health benefits premium as active employees (Retiree +1)
» City-paid medical at Medicare
eligibility (65) = Minimum Employer Contribution ($149 for 2022)
» Vesting Schedule upon retirement from the City:
• Hired on or or before December 31 2014 100% vested
• Hired on or after January 1 1 2015
◊ 25% vested
at 5 5 years
◊ 50 % vested
at 10 years
◊ 100% vested
at 15
years
VACATION
» » 0-4 Years: Years: 80 hours hours (accrued (accrued bi-weekly) bi-weekly) » » » 5-9 Years: Years: Years: 120 hours hours hours (accrued (accrued (accrued bi-weekly) bi-weekly) bi-weekly) » » 10+ Years: Years: 160 hours hours (accrued (accrued bi-weekly) bi-weekly) RETIREE HEALTH