Example: All regular full-time employees are covered by the group medical and life insurance program provided for employees of the Village, unless the employee opts not to accept the coverage because of coverage under another policy. On or before March 31 each year the employee must notify the clerk in writing of the decision to opt out. An employee that opts out of this insurance coverage shall receive $100 per month of no insurance coverage as additional wages. This includes:
(a) Group medical insurance for employee and dependents: Hospitalization and Major Medical with Full Miscellaneous; and
(b) Life Insurance.
For a complete description of insurance benefits, please contact the appropriate insurance provider.
(Ord. O-03-018. Passed 5-21-03.)