Page 8 - Modesto PR & LAM

■ Compensation and Benefits
The annual salary range range for this this position is is is is $116 728 20 - $141 897 84 Placement within this this range range will be be dependent upon qualifications and experience Salary is is is is complemented by an an an an an attractive benefit package that includes:
» PUBLIC EMPLOYEES’ RETIREMENT SYSTEM: CalPERS enrollment in in either the the the the 2% 2% @ @ 60 or or the the the the 2% 2% @ @ 62 formula is is dependent on on on on on eligibility as as per AB 340 Employee pays the the the the the full member contribution Retirement benefit is is based on on on on on on on the the the the the employees three year final compensation average The City City does not participate
fin in Social Security except for the the the the required 1 1 45% Medicare contribution by both the the the the City City and the the the the employee employee employee (applies to employees hired after 4-1-86) » » HOLIDAYS: 10 paid holidays per year plus 8 8 hours of holiday holiday credit » » » MANAGEMENT LEAVE: 80 hours hours of of Management Leave is provided annually » » VACATION: Accrual normally begins at at at at a a a a a a a a a a a a a a a a a a a a a a rate of of of two two weeks weeks per year year with incremental increases to to five weeks weeks at at at at 21 years of of service Employees may accumulate up to two two times their annual accrual » SICK LEAVE: Accumulated at at at at at 8 hours hours hours per per month 96 hours hours hours per per year year Employees Employees may may accumulate accumulate up up to to 2 2 2 200 hours » MEDICAL INSURANCE: Health dental dental and and vision vision coverage is is is is provided The City’s monthly contribution to health dental dental and and vision vision benefits is is is is based on on on a a a a a a a a a a a three-tier system as as follows:
$1635 00 00 Employee Employee + + Family
$1157 00 00 00 Employee Employee Employee + + 1 1 1 1 Dependent
$648 00 00 00 Employee Employee Only
$450 00 00 Opt Out
The employee employee pays the the the balance An employee employee who opts out of health coverage receives the the the amount noted above minus dental and and and vision vision premium on on on on on on their paycheck and and and treated as taxable income Dental and and and vision vision coverage continuation is is available upon retirement » LIFE INSURANCE: Provided in in the the amount of $120 000 by the the City Supplemental coverage coverage is is available available at at employee cost » LONG TERM DISABILITY INSURANCE: Coverage is is provided by the the City City at City City cost cost This benefit pays 66 2/3% of the first $12 000 per month in salary » DEFERRED COMPENSATION: With matching contributions by the the the employee the the the City City will contribute contribute 1 1 5% 5% 5% of of salary (increasing to to to to 2 2 5% 5% 5% at at at 9 years of of service) to to to to a a a a a a a a a a a a a a a a a voluntary 457 Plan Plan The City City City also contributes 2-5% to to to to a a a a a a a a a a a a a a a a a mandatory 401(a) Money Purchase Plan Plan based on on role within the City » RETIREE HEALTH SAVINGS ACCOUNT (RHS): $2 400 initial initial deposit provided upon completion of a a a a a a a a a a a a a 2 2 year vesting period after initial initial contribution is made the City shall contribute $100 per per month » EMPLOYEE ASSISTANCE PROGRAM: Available to to employees and dependents Plan provides up to to 3 counseling visits per incident at City expense » EDUCATION INCENTIVE: Master’s Master’s Pay in in in the amount of of of 2 5% of of of salary is is is available to to employees with 1 year of of of service who possess a a a a a a a a a a a a Master’s Master’s Degree (or Juris Doctor) from an accredited college » » CITY CAR/CAR ALLOWANCE: Up to to $400 monthly is is provided for some positions » » SECTION 125 PLAN: Providing for for for pre-tax deductions for for for employee-paid health premium and dependent care costs » RELOCATION ASSISTANCE: Relocation assistance is is available and negotiable