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City of Laramie Cost of Summary Benefits FY22 Effective: August 2021 Paid Time Off: o Nine paid City holidays o One personal day o Sick Leave Policy: 8-hour accrual per month up to 960-hour max (Fire Personnel refer to CBA). o Vacation Policy: (Employees hired after 7/1/06) (Fire Personnel refer to CBA): Number of hours: 0-2 years= 8.67 hours per month (104 hours annually) 2-5 years= 10 hours per month (120 hours annually) 6-10 years= 11.67 hours per month (140 hours annually) 11 & above years= 13.33 hours per month (160 hours annually) Vacation Max: Less than 15 years of service 240 hours 15 or more years of service 320 hours Retirement: o Wyoming Retirement System: General Employee Pension: City contributes 9.37% and employee contributes 9.25% Sworn Police Pension: City contributes 8.60% and employee contributes 8.60% Fire Pension: City contributes 16.225% and employee contributes 9.52% o 457 Deferred Compensation Plan: (optional) Retirement plan through the Mission Square Retirement or VALIC, contributions are through payroll deduction and tax deferred. o Roth IRA: (optional) Retirement plan through Mission Square Retirement, contributions are through payroll deduction and are after taxes. Insurance: o Life Insurance: (City-paid) Worth two times annual salary rounded up to the next $1000, maximum of $100,000. Additional life insurance also available to purchase. o Long Term Disability Insurance Plan: (City-paid) Benefit- 40% of salary. Buy-Up Option (Employee cost of $.0022 x salary) Benefit- 60% of salary. o Unum Critical Illness, Accident and Short-Term Disability Insurance: (optional) Additional insurance to cover extra expenses when these issues occur. o Flexible Benefits Plan: (optional) Pre-taxed plan which allows out-of-pocket medical costs or dependent care expenses to be deducted before taxes. o MASA-Medical Transport Solutions: (optional) Provides financial protection for lifesaving emergency transportation services. ---PAGE BREAK--- City of Laramie Cost of Summary Benefits FY22 Effective: August 2021 o Vision Insurance: (optional) Coverage Type Employee Cost Single $10.58 Employee + Dependent $14.90 Employee + Child(ren) $14.90 Employee + Family $26.72 o Health and dental Insurance: Coverage begins date of hire for employee and dependents. Coverage Type Employee Cost City Contributions Single $152.85 $866.17 Employee & Child(ren) $280.64 $1,590.28 Employee & Spouse $291.91 $1,654.13 Family $340.89 $1,931.71 Deductible: $1,000 single/ $2,000 family Co-Insurance: Single: 80/20% to $2,000, then 100% Family: 80/20% to $4,000, then 100% Routine physical and preventative benefit: 100%, not subject to deductible Extra Perks: o Wellness Program: Participate in the Wellness Challenge to earn extra paid time off. o Direct Deposit: Have your check deposited directly in up to 4 accounts. o LCCC classes: Free LCCC classes available to all employees at the Albany County Campus and online. (7 credit hours per semester) o Discounted memberships to gyms: Include Laramie Recreation Center, Altitude Fitness and Laramie Fitness. o Discount from Verizon: 18% discount off your phone bill. o Tickets at Work: Receive Up to 75% off movie tickets, concerts, hotels, sports games and theme parks. o Blood Voucher: Free blood draws for Chemistry Panel, as well as PSA and Vitamin D for employees over 40. o Employee Assistance Program (EAP): Five free counseling sessions per fiscal year and 24-hour hotline for you and your family to help with a variety of personal issues. o Retention Bonus: On selected years, you may choose a gift for your years of service, or you may donate the monetary amount to your favorite local charity. Please see Human Resources if you would like more information on any of these benefits.