HEALTH CARE AND LIFE INSURANCE. Section 1. HEALTH The City shall contract annually with one or more health insurance carriers to provide a group health care plan. If an employee elects single coverage, the City shall contribute ninety-one percent (91%) of the monthly cost of coverage and the employee's contribution shall equal nine percent (9%) of the monthly cost of coverage. If an employee elects 2/4 party or family coverage, the City shall contribute an amount equal to eighty-nine percent (89%) of the monthly cost of coverage and the employee's contribution shall equal eleven percent (11%) of the monthly cost of coverage. Section 2. DENTAL Employees will be eligible to be covered under the dental plan. The City will pay ninety-eight percent (98%) of the monthly cost of single coverage and the employee will pay two percent (2%) of the monthly cost of coverage. The City will pay sixty-seven and one-half percent (67.5%) of the monthly cost of 2/4 party or family coverage and the employee will pay thirty-two and one-half percent (32.5%) of the monthly cost of coverage. Contribution changes shall be effective with the insurance renewal date. Section 3. LIFE The City will provide long-term disability insurance and will provide a 70,000 life insurance policy to all eligible employees. Section 4. POST EMPLOYMENT HEALTH PLAN (PEHP) The City shall provide a Post Employment Health Plan which allows for the accumulation of funds for the future payment of medical expenses and premiums. The PEHP will be considered by both parties to be part of total compensation in the computation of wages and benefits. Effective with this Agreement, the amount of dollars paid into the employee's PEHP universal account by the City on behalf of the employee shall be $25.00 per pay period for each eligible employee.
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Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement
