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 EMPLOYEE BENEFITS

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file time: 2008-02-24

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EMPLOYEE BENEFITS Effective January 1, 2008 City of Moreno Valley Page 1 Cafeteria Benefits:  Full time non-exempt employees $12,429 per year Part time non-exempt employees $  5,570 per year  Professional/A dministrative Management (PAM) $12,429 + 2% of salary per year Division Management (DM) $12,429 + 4% of salary per year  Executive Management (EM)    $12,429 + 6% of salary per year Benefit Requirements: Employees eligible for benefits are required to purchase medical coverage or provide proof of other medical coverage.  All employees must purchase vision coverage. Medical Plans: The City contracts with CalPERS to provide four high quality medical plans at competitive rates. HMO Plans:   Blue Shield Access + HMO PPO Plans: PERS Care Blue Shield Net Value HMO PERS Select Kaiser Permanente  PERS Choice Dental Plans: The City contracts with Delta Dental to offer you two types of dental coverage. HMO Plan: Delta Care PMI PPO Plan: Delta Dental PPO Vision Plan: The City contracts with Vision Service Plan (VSP)  to provide a comprehensive vision plan.  The plan includes a large network of optometrists, annual eye exams, and frame, lens and contact lens benefits for a single co-pay of $25.00. Life Insurance: Basic Life Insurance is provided automatically through Standard Insurance and is paid for by the City.  The coverage level for basic life is as follows: Full time non-exempt employees two-times annual salary - minimum of $50,000 Part time non-exempt employees two-times annual salary - minimum of $50,000  PAM employees   two-times annual salary  DM employees    three-times annual salary - $300,000 maximum  EM employees    three-times annual salary - $300,000 maximum Supplemental Life Insurance is available to purchase from Standard Insurance for yourself, your spouse and/or your eligible dependents. If you apply for supplemental coverage within the first 31 days of employment, you are guaranteed acceptance without proof of health disclosure. The guaranteed acceptance policy is $50,000 for the employee, $10,000 for the spouse and/or eligible dependents. EMPLOYEE BENEFITS Effective January 1, 2008 City of Moreno Valley Page 2 Flexible Spending Accounts: One of the best ways to reduce your out-of-pocket expenses is to take advantage of the City's Flexible Spending Account (FSA) program administered through Ceridian.  This plan allows you to pay for qualifying health and dependent care expenses with pre-tax dollars.  There are two types of plans available: Health Care - This plan allows you to pay up to $5,000 per year in health care expenses that are not covered by insurance for you and your dependents with tax-free dollars. Dependent Care - This plan allows you to pay up to $5,000 per year with tax-free dollars to daycare providers who care for your children or incapacitated adults so you can work. These accounts allow you to pay for planned expenses with pre-tax dollars, which lowers your taxable income.  For example, if you earn $40,000 and put $5,000 into an FSA, you will reduce the income you pay taxes on to $35,000. Short and Long Term Disability: The City contracts with Standard Insurance to provide an integrated short and long term disability plan.  This plan has a 30-day waiting period and a benefit of 66 2/3% of your regular monthly pay. Annual Leave: Annual leave is a bank of time used to be paid for time off due to holidays, vacation and sick time. Career employees accrue annual leave time based on their years of service and employee group. The annual accrual rate is listed below. Employee Group 0-5 years 6-10 years 11+ years Non-exempt 280 hours 320 hours 344 hours PAM    340 hours 380 hours 404 hours PAM Confidential 356 hours 396 hours 420 hours DM 360 hours 400 hours 424 hours EM 384 hours 424 hours 464 hours City Holidays: New Year's Day    January 1 Martin Luther King, Jr Birthday Third Monday in January Presidents Day Third Monday in February Memorial Day Last Monday in May Independence Day July 4 Labor Day  First Monday in September Veterans Day    November 11 Thanksgiving    Fourth Thursday in November Day after Thanksgiving Fourth Friday in November Christmas Day    December 25 Christmas Holiday One day preceding or following Christmas Floating Holidays Two days EMPLOYEE BENEFITS Effective January 1, 2008 City of Moreno Valley Page 3 Tuition Reimbursement: There is a $1500 per fiscal year reimbursement benefit.  This benefit is contingent upon the successful completion, meaning a grade of "C" or better of a pre-approved, job related course; and it must be part of a program leading to either an Associate's, Bachelor's or Master's Degree. Employee Assistance Program (EAP): The EAP is a free, confidential service that provides 24 hour, 7 days a week counseling for a variety of issues including; depression, substance abuse and family problems. Retirement Plans:  CalPERS The City offers a defined benefit plan through CalPERS, is the largest pension fund in the nation offering benefits to 1.4 million public employees, retirees, and their families.  This benefit has a vesting period of 5 years of CalPERS qualifying time.  Your benefits under this plan will vary based on your age, years of service and final compensation at time of retirement. The retirement formula is currently 2.7%@55 .  This is a fully paid benefit by the City. 457 Deferred Compensation Plans: The City provides a voluntary deferred compensation plan to assist employees in meeting their financial goals in retirement.  Contributions go into your account on a tax deferred basis, so you will not pay taxes on them until you withdraw your retirement funds.  When you separate from the City, you are eligible to withdraw your funds or roll them over to another qualified plan. Employees may choose to contribute to deferred compensation plans through Nationwide Retirement Solutions or ICMA. Annual contribution limit : 2008 $15,500 EMPLOYEE BENEFITS Effective January 1, 2008 City of Moreno Valley Page 4 Contact Information When you have questions about your benefits you should contact the Human Resources Department at (951) 413-3045. Monday - Thursday 7:30 AM - 5:30 PM Friday 8:00 AM - 5:00 PM Call the health plan or visit their web site when you have questions specific to their plan. Medical Contacts   Blue Shield of California  (800) 334-5847  www.mylifepath.com   Kaiser Permanente  (800) 464-4000  www.kp.org   PERSCare/PERS Choice (877) 737-7776  www.calpers.ca.gov Dental Contacts   Delta Care HMO  (800) 422-4234  www.deltadentalca.org   Delta Dental   (562) 403-4050  www.deltadentalca.org Vision Contact Vision Service Plan (VSP) (800) 877-7195 www.vsp.com Flexible Spending Accounts   Ceridian Benefits  (800) 331-4830  www.ceridian-benefits.com   Disability Insurance   Standard Insurance   (800) 368-2859  www.standard.com   Employee Assistance Program   The Counseling Team  (800) 222-9691  www.thecounselingteam.com   Retirement Plans   CalPERS (888) 225-7377  www.calpers.ca.gov  Nationwide Retirement   (800) 769-4457  www.nrsservicecenter.com  ICMA  (800) 326-7272  www.icmarc.org EMPLOYEE BENEFITS Effective January 1, 2008 City of Moreno Valley Page 5 PERS HEALTH RATES Provider Single Two Party Family BLUE SHIELD (HMO) Riverside, Orange & San Diego Co 447.97 895.94 1164.72 San Bernardino & LA Co 392.01 784.02 1019.23 BLUE SHIELD (NetValue) Riverside, Orange & San Diego Co 401.98 803.96 1045.15 San Bernardino & LA Co  351.77  703.54    914.60 KAISER PERMANENTE (HMO) Riverside, Orange & San Diego Co 393.63 787.26 1023.44 San Bernardino & LA Co  359.30  718.60    934.18 PERS CHOICE (PPO) Riverside, Orange & San Diego Co 458.59 917.18 1192.33 San Bernardino & LA Co  449.04  898.08  1167.50 PERS SELECT (PPO) Riverside, Orange & San Diego Co 444.05 888.10 1154.53 San Bernardino & LA Co  434.80  869.60  1130.48 PERS-CARE (PPO) Riverside, Orange & San Diego Co 712.71 1425.42     1853.05 San Bernardino & LA Co 697.87 1395.74 1814.46 DENTAL RATES Provider Single Two Party Family DELTA CARE PMI (HMO) 21.21  37.99  56.17 DELTA PREFERRED (PPO) 64.20 126.53  221.83 VISION RATES Provider Single Two Party Family VSP  8.61 12.49    22.39

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