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forth in the City's Personnel Policies and Procedures Manual, as it may be amended <br />from time to time, which is incorporated herein by reference. <br />(3) Payment for Election to Leave Employer's Comprehensive Maior Medical <br />Insurance Program. The City shall pay one hundred and thirty ($130) per month <br />($65 bi- weekly) to any Employee who elects to leave the City's comprehensive major <br />medical insurance program to be covered by another program for which the City <br />makes no contribution. This election shall not be mandatory, and the Employee who <br />made such election may return to the City's comprehensive major medical Insurance <br />Program, provided that the conditions are a Qualifying Life Event or Open Enrollment <br />of the City's Comprehensive Major Medical Insurance Program, and the <br />contributions specified herein are made, but in such event said Employee shall forfeit <br />the one hundred and thirty dollar ($130) payment per month thereafter. <br />(4) Life Insurance. The City shall provide term life insurance coverage in an amount 1x <br />annual salary rounded up to the nearest $1,000 for each benefit eligible employee <br />except for Police and Fire which are at set forth in the collective bargaining <br />agreement. Such insurance shall become effective upon the award of a group life <br />insurance bid by the Board of Public Works, or upon the beginning of the plan year, <br />whichever is later. <br />(5) Benefit Waiting Period. The City notes that life insurance and comprehensive <br />major Medical Insurance programs require a minimum eligibility period of thirty (30) <br />days; and that the long -term disability program requires a minimum ninety (90) day <br />eligibility period which must be met. <br />(e) Hiring Bonus. The Mayor, may, at his /her discretion, offer a Hiring Bonus to a new employee <br />as an incentive for the employee to accept the position offered. This Bonus will be paid to the <br />employee in addition to the salary set forth in the Salary Ordinance. The range of these <br />monetary bonuses will be from one hundred ($100) to four thousand dollars ($4,000). <br />(f) Allowances. <br />(1) Auto Allowances. At the Mayor's discretion an auto allowance may be offered to <br />city employees in lieu of a City issued car. The allowance may range from one ($1) <br />to five hundred dollars ($500) dollars per month. <br />(2) Cell Phone Allowance. At the Mayor's discretion an allowance for the business <br />portion of an employee's cell phone may be provided to those employees whose <br />position and job responsibilities require the ability to communicate outside of city <br />premises or after normal city working hours. The allowance shall not exceed one - <br />hundred dollars ($100) per month. <br />(g) Early Retirement Incentives. The Mayor shall have discretion to offer an early retirement <br />incentive program that may take the form of a bonus upon retirement for years of service or <br />assistance with health insurance for a retiree who is not Medicare eligible. Such assistance <br />shall not exceed one (1) year. Any such bonus or assistance must be approved by the Mayor <br />and Controller and is subject to appropriation by the Common Council before any such bonus <br />or assistance may be paid. <br />I.C. 5- 10.2 -3 -1.2 permits employers to purchase one year for every five years of service for <br />employees in PERF covered positions under certain conditions. The Mayor shall have <br />discretion to offer such early retirement incentive program, pursuant to statute, after <br />consultation with the Controller and after appropriation by the Common Council. <br />(h) Other Monetary Fringe Benefits. All other fringe benefits shall be as set forth in the City's <br />