The Personnel Department is hereby authorized to expend the monthly sum necessary to cover the cost of a life insurance policy, approved by the Personnel Department, for each General Manager, as defined in Section 4.321. Persons employed in classes listed in Section 4.245.1, excluding General Managers, shall receive flexible benefit credits in the amount of $16.00 biweekly, effective January 1, 2000 for the purpose of purchasing life insurance or other benefits provided under the City’s flexible benefits plan. The amount of the biweekly flexible benefit credits shall be adjusted on an annual basis by the percentage adjustment in the supplemental life insurance premiums for the plan provided under the City’s flexible benefits plan.
Effective July 1, 2014, the life insurance benefit described above shall be continued only for those General Managers who were already enrolled and receiving the benefit prior to July 1, 2014. No new enrollments shall occur on or subsequent to July 1, 2014, other than what is available to employees through enrollment in the City's flexible benefits program.
SECTION HISTORY
Added by Ord. No. 171,270, Eff. 9-10-96. (See Sec. 5 of this Ordinance No. 171,270 regarding operative date.)
Amended by: Title and Sec., Ord. No. 172,791, Eff. 9-3-99, Oper. 1-1-00; Second para. added, Ord. No. 182,972, Eff. 4-18-14.