Executive Employee Benefits Summary

Leave Benefits

Vacation

Vacation accruals are as follows, with no waiting period for use of accruals:

Sick Leave

Employees receive 4.0 hours of sick leave each semi-monthly pay period, with a maximum accrual of 1,000 hours. Accruals are available for use as they’re earned.

Sick Leave Incentive Program

Upon PERS retirement, a proration of unused sick leave may be rolled into employee’s VEBA account (see VEBA benefit below).

Paid Holidays

Employees receive 10 paid holidays each calendar year. Click here for a listing of City-observed holidays.

Bereavement Leave

Bereavement Leave up to 5 days with pay per death occurrence for covered family member(s). May be supplemented by use of other applicable leave accruals.

Insurance

Medical, Dental & Vision

Full medical, dental, and vision coverage for employee and all eligible dependents with City paying approximately 95% of premium. The current employee contribution rates can be found on the City's website, Medical Benefits.Coverage opt-out for dependents is only available if spouse/domestic partner is contributing to an HSA-qualifying plan or is covered under Medicare.

Life/AD&D

Benefit is 2x employee's annual base salary, not to exceed $150,000. Benefit fully paid by the City. (Employer-paid premium exceeding the life insurance value of $50,000 is taxable.)

Long-Term Disability

Benefit is 66 2/3% of employee’s monthly salary after a 90-day waiting period. Premium fully paid by the City.

Supplemental (Employee paid)

Optional insurance plans available: (Coverage may not be guaranteed and may require underwriting approval.)

• Short-term Disability – Coverage is guaranteed for new employees. Cost of purchased coverage varies. A 7-day waiting period with a 90-day maximum benefit.
• Additional term life insurance – Available coverage for employee, spouse, and eligible dependents.
• Accident, Cancer, Hospital, Intensive Care, and Specific Event Insurance – Available coverage for employee, spouse, and eligible dependents.

Retirement

PERS / OPSRP

Participation in the Oregon Public Employee Retirement System. City pays employer contribution as well as employee’s 6.0% IAP contribution.

Deferred Compensation

City pays 3.5% of employee’s regular base pay into an ICMA 401(a) Plan paid by City with no match required. Employee is also eligible to participate in a 457 pre-tax or Roth deferred compensation plan with ICMA-RC and/or Nationwide Retirement Solutions.

Other Benefits

Education Reimbursement

Reimbursement of 75% of tuition and book fees for successful completion of pre-approved, job-related college courses or courses within an institutional approved degree program.

Employee Assistance Program

Access to the City’s confidential Employee Assistance Programs (EAP) for employees and eligible dependents. Coverage includes 8 counseling sessions per covered individual per calendar year at no cost to employees plus additional services including financial and legal advice, coaching, crisis support, and more.

Flexible Spending Plan (125)

Deferral plan for dependent care, eligible insurance premiums, and out-of- pocket medical expenses paid on pre-tax basis. Employee must enroll annually each benefit (calendar) year.

Voluntary Employee Benefits Association (VEBA Trust)

Annual employer-paid contribution to an HRA VEBA account when enrolled in City’s health insurance plan. The City contributes $2,000 for employee-only coverage or $4,000 for employee plus dependent(s) coverage. Funds can be used for out-of-pocket healthcare expenses while employed or saved for healthcare expenses in retirement, with funds growing tax-free.

Paid Family Medical Leave

Oregon Paid Family Medical Leave coverage provided through the City’s third-party administrator.

Longevity Incentive

Employees receive additional longevity pay follows:

*Longevity pay is calculated off the employee’s regular base pay, and rates listed are not cumulative.