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{2) Short and Loney Term Disability. Short and Long Term Disability <br />shall be as set forth in the Collective Bargaining Agreement and the <br />City's Personnel Policies and Procedures Manual, as it may be <br />amended from time to time, which is incorporated herein by <br />reference. <br />{3) Payment for Election to Leave Employer's Comprehensive Major <br />Medical Insurance Program. The City shall pay one hundred and <br />thirty dollars ($130) per month to any Employee who elects to leave <br />the City's comprehensive major medical insurance program to be <br />covered by another program for which the City makes no <br />contribution. This election shall oat be mandatory, and-the Employee <br />who made such election may return to the City's comprehensive <br />major medical insurance Program, provided that the conditions of the <br />City's Comprehensive Major Medical lnsurance Program are met, <br />and the contributions specified herein are made, but in such event <br />said Employee shall forfeit the one hundred and thirty dollars ($130} <br />paymen# per month thereafter. <br />(4} Life Insurance. The City shall provide term life insurance coverage <br />in an amount not less than Fifteen Thousand Dollars ($15,000) for <br />each Teamster employee. Such insurance shalt become effective <br />upon the award of a group life insurance bid by the Board of Public <br />Works, or upon the beginning of the plan year, whichever is later. <br />{5} Benefit Waiting Period. The City notes that life insurance, <br />comprehensive major Medical lnsurance, and short term disability <br />programs require a minimum of sixty (60} day eligibility period; and <br />that the long-term disability program requires a minimum of a ninety <br />(90} day eligibility period which Teamster employees must meet. <br />(d) Other Monetary l=rrnge Benefits. All other fringe benefits shall be as set <br />forth in the City's Personnel Policies and Procedures Manual as it may be <br />amended from time to time and the Collective Bargaining Agreement. If <br />there is a conflict between Policy and the Bargaining Agreement, the <br />Bargaining Agreement shall prevail. <br />(e} Early Retiremen# Incentives. The Mayor shall have discretion to offer an <br />early retirement incentive program that may take the form of a bonus upon <br />retirement for years of service or assistance with health insurance far a <br />retiree who isn't Medicare eligible. Such assistance shall oat exceed one {1) <br />year. Any such bonus or assistance must be approved by the Mayor and <br />Controller and are subject to appropriation by the Common Council before <br />any such bonus or assistance may be paid. <br />I.C. 5-10.2-3-1.2 permits employers to purchase one yearforeveryfive years <br />of service for employees in PERF covered positions under certain conditions. <br />The Mayor shall have discretion to offer such early retirement incentive <br />program, pursuant to statute, after consultation with the Controller and after <br />appropriation by the Common Council. <br />{f} Definition of Full-Time Employee. l=ull-time employees are those <br />