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City of Laramie Summary of Benefits FY13 Rev. July 2012 1. Nine paid City holidays 2. One personal day 3. Life Insurance: Amount of Insurance: two times annual salary rounded up to the next $1000, maximum of $100,000. Additional life insurance is also available to purchase. 4. Long Term Disability Insurance Plan: (City paid premium): Benefit: 40% of salary. Buy‐Up Option: (employee paid premium): Total Benefit: 60% of salary Cost: $.0022 x salary 5. Wyoming Retirement System: General Employees Pension: City contributes 10.87% and employee contributes 3.25% Sworn/Police Pension: City contributes 12.35% and employee contributes 4.85% Fire Pension: City contributes 13% and employee contributes 7.5% 6. Flexible Benefits Plan (optional) Pre‐tax plan which allows you to have health insurance premiums or out‐of‐pocket medical or dependent care expenses deducted before taxes. 7. 457 Deferred Compensation Plan (optional) Optional retirement plan through the ICMA Retirement Corporation or Valic, contributions are through payroll deduction and are tax‐ deferred. 8. Sick Leave Policy 8 hour accrual per month up to 960 hr max (Fire Personnel refer to CBA). 9. Vacation Policy (Employees hired after 7/1/06) (Fire Personnel refer to CBA) : Number of hours 0‐2 yrs= 8.67 hr per month (104 hours annually) 2‐5 yrs= 10 hrs per month (120 hours annually) 6‐10 yrs=11.67 hrs per month (140 hours annually) 11 & above yrs=13.33 hrs per month (160 hours annually) Vacation Maximums: less than 15 years of service 240 hours 15 or more years of service 320 hours 10. Vision Insurance Optional/Voluntary Coverage 11. Health Insurance (Includes Dental). Coverage begins date of hire for employee and for dependents. Coverage Type Employee Cost Employee Cost (Buy‐up) Single $10.10 $58.15 Employee & Children $136.30 $215.83 Employee & Spouse $178.10 $261.21 Family $258.20 $358.58 Deductible: $1000 single, $2000 family, or buy‐up $500 single, $1000 family Co‐Insurance: Single: 50% of $2,000 then 100% Family: 50% of $4,000 then 100% Routine Physical Benefit: 100% not subject to deductible