City of Storm Lake Summary of Employee Benefits

Paid Holidays*

New Year’s Day Thanksgiving Day Good Friday Friday after Thanksgiving

Memorial Day Christmas Eve Day July 4th Christmas Day

Labor Day Personal Holiday

*(Eligible after 60 days of service. Must work the day preceding and the day following Holiday, excluding approved vacation, to be eligible for Holiday Pay.)

Paid Sick Leave*

8 hours per month (12 hours for Patrol Officers) accrues to a maximum of 1440 hours. 40 hours of accrued sick leave per year may be used for Family Care Leave. ***(Eligible after 6 months of service)

Paid Vacation* **

After 1 year – 40 hours After 10 years - 120 hours

After 2 years – 80 hours After 12 years – 128 hours

After 3 years – 88 hours After 14 years – 136 hours

After 5 years – 96 hours After 16 years – 144 hours

After 7 years – 104 hours After 18 years – 152 hours

After 9 years – 112 hours After 20 years – 160 hours

*(Must use accrued vacation within one year of the employee’s anniversary date following the year it was accrued.)

**This chart is for 8 hour shift employees only.

Paid Bereavement Leave

Up to 40 hours for funeral/death of spouse or child, up to 24 hours for funeral/death of an immediate family member, up to 8 hours for the funeral/death of a relative through first cousin.

Insurance

90% Paid Medical insurance for employee and dependents.

2018 Calendar year costs to employees:

Single $24.81/pay period. Family $65.10/pay period.

Paid Life insurance for employees and dependents. (Limit of $50,000 coverage, up to age 65)

Paid Disability insurance for employees. 125 Flex plan available.

Dental Insurance 2017 Calendar year costs to employees

Employee $ 1.04 ** Employee/Family $4.51 ** Employee/Spouse $2.13 ** Employee/Child $3.00

Longevity Plan 

Annual lump sum payment on employee’s anniversary date paycheck.

After 3 years of service $225.00

After 5 years of service $350.00

After 10 years of service $600.00

After 15 years of service $850.00

After 20 years of service $950.00

IPERS (Iowa Public Employee Retirement System)

Currently the City of Storm Lake contributes 8.93% of employee’s salary. The employee contributes 5.95% (tax deferred).

Volunteer firefighters IPERS rates 6.56% employee, Employer 9.84%

411 (Municipal Fire and Police Retirement System)

Currently the City of Storm Lake contributes 25.68% of employee’s base salary.

Deferred Compensation

The City of Storm Lake has two deferred compensation plans (457) that employees may choose to join.