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City of Storm Lake
Summary of Employee Benefits 01/01/2023
New Year’s Day Thanksgiving Day Good Friday Friday after Thanksgiving
Memorial Day Christmas Eve Day July 4
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. 60 hours of accrued sick leave per year
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 the first cousin.
90% Paid Medical insurance for employee and dependents.
Health Insurance Calendar year costs to employees:
Single $27.01/pay period. Family $73.69/pay period. Employee rates have remained unchanged for 4 consecutive years.
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. Up to $2,500 can be contributed in a calendar year.
Dental Insurance Calendar year costs to employees:
Employee $ 1.07 ** Employee/Family $4.63 ** Employee/Spouse $2.19 ** Employee/Child $3.08. Again, the employee rates have remained unchanged for 4 consecutive years.
Vision Insurance Calendar year costs to employees:
VSP Vision Care paid by the city.
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 9.44% of employee’s salary. The employee contributes 6.29% (tax-deferred).
Volunteer firefighters IPERS rates 6.41% employee, Employer 9.61%
411 (Municipal Fire and Police Retirement System)
Currently, the City of Storm Lake contributes 22.98% of the employee’s base salary, the employee contribution is 9.40%
The City of Storm Lake has two deferred compensation plans (457) that employees may choose to join.
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