AG 1997 04 21 - Laserfiche WebLink

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Memorandum Page 2 March 24, 1997 4. Future part-time employees will earn vacation benefits at the revised rate. All current full-time employees will have only one opportunity to select whether or not to participate in the program. If an employee decides not to participate, he/she will not be eligible to change that decision unless some future action of the Board of Commissioners provides otherwise. The proposed benefit program changes to be submitted to the Board of Commissioners for their consideration are: · RETIREE HEALTH AND LIFE INSURANCE COVERAGE A. Current retirees do not qualify for this new benefit. Employees with less than I0 years service to Cabarrus County in the NCLGERS qualify for a maximum of one-half (50%) the benefit level extended to employees with at least ten years service to Cabarrus County and qualifying for retirement under NCLGERS guidelines. Current employees selecting to modify their benefit package to qualify for retiree health/life insurance coverage will also see a modification to their vacation accrual schedule as noted: Years of Service Less than 5 years 5 but less than 10 years 10 but less than 15 years 15 but less than 20 years 20 years plus Vacation Days Annually 10 13 15 17 20 An employee currently eaming more than the proposed vacation days per years of service will remain at the current level until advancement in seniority reaches the appropriate vacation schedule. Employees now earning more than the maximum of 20 days vacation per year must reduce to a maximum of 20 days per year if they select to participate in the retiree health/life insurance coverage program. Future new employees hired after these policy changes are adopted will fall under the guidelines as established. Retiree health/life coverage will be provided to retirees qualifying under this program on the same basis as these benefits are extended to active employees. (Currently the County provides full payment of these benefits at an average monthly cost ors 138/month/employee, or $1,656 annually per employee.)