City of Storm LakeSummary of Employee Benefits 07-01-2018
New Year’s Day Thanksgiving Day Good Friday Friday after Thanksgiving
Memorial Day Christmas Eve Day July 4th Christmas Day
LaborDay Personal Holiday
*(Eligibleafter 60 days of service. Must work the day preceding and the dayfollowing Holiday, excluding approved vacation, to be eligible for HolidayPay.)
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)
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 7years – 104 hours After 18years – 152 hours
After 9years – 112 hours After 20years – 160 hours
*(Must useaccrued vacation within one year of the employee’s anniversary date followingthe year it was accrued.)
**Thischart is for 8 hour shift employees only.
Up to 40hours for funeral/death of spouse or child, up to 24 hours for funeral/death ofan immediate family member, up to 8 hours for the funeral/death of a relativethrough first cousin.
90% PaidMedical insurance for employee and dependents.
2018Calendar year costs to employees:
Single$24.81/pay period. Family $65.10/pay period.
Paid Lifeinsurance for employees and dependents. (Limit of $50,000 coverage/employee, upto age 65)
Paid Disabilityinsurance for employees. 125 Flex plan.
DentalInsurance 2018 Calendar year costs to employees per pay period
Employee $1.04 ** Employee/Family $4.51 ** Employee/Spouse $2.13 ** Employee/Child $3.00
LongevityPlan – Annual lump sum payment on employee’s anniversary date paycheck.
After 3years of service $225.00
After 5years of service $350.00
After 10years of service $600.00
After 15years of service $850.00
After 20years of service $950.00
IPERS(Iowa Public Employee Retirement System)
Currentlythe City of Storm Lake contributes 9.44% of employee’s salary. Theemployee contributes 6.29% (tax deferred).
Volunteerfirefighters IPERS rates 6.81% employee, Employer 10.21%
411(Municipal Fire and Police Retirement System)
Currentlythe City of Storm Lake contributes 26.02% of employee’s base salary.
The Cityof Storm Lake has two deferred compensation plans (457) that employees maychoose to join.