Payment in Lieu of Insurance. Employees who provide satisfactory proof of alternative coverage in a non‐Town health insurance plan may elect to forgo the Town insurance plan for which they eligible and may receive a cash payment of $57.69 per week ($115.38 per pay period). This payment shall be added to the employee’s regular wages and is subject to withholding of taxes. However, this income is not eligible for increased wage base credit for contribution to the NH Retirement System. A married couple who are both employed by the Town or an employee under age 26 whose parent is employed by the town are not eligible for the cash payment in lieu of insurance.
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