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