§ 18-174 — Life insurance program—City contribution

Sec. 18-174. - Life insurance program—City contribution.

The city shall contribute one hundred percent (100%) of the monthly premium of group term life insurance for eligible employees and appointed charter officers in the following amounts: (a) For all employees hired after January 1, 2002: 1. Who are regularly scheduled to work at least sixty (60) hours every two (2) weeks, a life insurance benefit of two (2) times the employee's annual salary up to a maximum benefit of one hundred thousand dollars ($100,000.00); 2. Who are regularly scheduled to work at least forty (40) but less than sixty (60) hours every two (2) weeks, a life insurance benefit of one (1) times the employee's annual salary up to a maximum benefit of fifty thousand dollars ($50,000.00). (b) For all employees hired before January 1, 2002, the greater of the amount for which they would be eligible if hired after January 1, 2002 or two (2) times the employee's annual salary up to a maximum benefit of seventy-five thousand dollars ($75,000.00). (c) Beginning January 1, 2020 and thereafter, for all employees regardless of hours worked or date of hire, a life insurance benefit of two (2) times the employee's annual salary up to a maximum benefit of four hundred thousand dollars ($400,000.00).

(Ord. No. 959-05, § 1, 12-19-05; Ord. No. 489-14, § 4, 9-8-14; Ord. No. 601-19, § 2, 7-15-19)