AG 1997 06 16 - Laserfiche WebLink

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309 2 but less than 5 years 3 hours 41 minutes & 32 95 hours 59 minutes & 52 seconds seconds (12- days) 5 but less than 10 years 4 hours 36 minutes & 55 119 hours 59 minutes & seconds 50 seconds (15- days) 10 but less than 15 5 hours 32 minutes & 19 144 hours & 14 seconds i years seconds (18+ days) 15 but less than 20 6 hours 27 minutes & 41 167 hours 59 minutes & years seconds 46 seconds (21- days) 20 years or more 7 hours 23 minutes & 5 192 hours & 10 seconds seconds (24+ days) Schedule B is for all persons employed full time with the County on June 30, 1997, that earned annual leave on this schedule and chose ~oluntarily to remain on this schedule after that date, in lieu of receiving County paid health and life insurance coverage at retirement. Anyone earning annual leave under this schedule on July 1, 1997, who is separated from County employment and rehired at a later date will earn leave as listed in Schedule A. Exception: Employees assigned to Emergency Medical Services with a schedule of on duty 24 hours and off duty 48 hours shall earn annual leave at a rate equal to 140% of other full-time employees om Schedule A or B. Article IX, Employee Benefits Section 4. Insurance Benefits The County purchases basic group health and life insurance benefits for: (b) current full-time employees -- with coverage beginning the first day of the month after a full month of employment and ending on the last day of the month when separation occurs, and retirees from County service under the North Carolina Local Goverr~ental Employees' Retirement System subject to the requirements listed under Schedule"A" of Article VI, Section 6 of this ordinance -- with coverage continuing from their last employment date until they become eligible for Medicare (or reach the age where they would have had such benefits if they had been qualified for Social Security). Optional group health and life insurance programs are available through payroll deduction for full-time employees. Retirees covered under (b) may purchase dependent health coverage through a County group plan. Changes in number of dependents covered may only occur at an annual open enrollment or when there is a qualifying event, as defined for Internal Revenue Service Code Section 125 purposes. Retirees that earned annual leave under Schedule B, while actively employed with the County, may only purchase health insurance coverage for themselves and their eligible dependents to the extent mandated by the Consolidated Omnibus Budget Act (COBRA). Other optional or supplemental County sponsored health and life insurance programs will not be available to retirees. RETIREMENT INCENTIVE PLAN for Cabarrus County Employees Receiving Longevity Payments As of July 1, 1997 PURPOSE: To encourage eligible employees to consider an accelerated regular or early retirement because of the proposed financial incentives. ELEMENTS OF THE PLAN: Employees qualified to receive full retirement benefits under the North Carolina Local Goverr~ental Employees' Retirement System choosing to retire during the plan's time limit, shall he eligible to receive the equivalent of one (1) full year of longevity payments.