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(c) Insurance. <br />(1) Comprehensive Major Medical Insurance Program/Preferred Provider Organization <br />(PPO). The City shall maintain a comprehensive major medical insurance program that all Teamster <br />employees may participate in, subject to the terms of the Collective Bargaining Agreement, incorporated <br />herein by reference. <br />(2) Short and Long Term Disability. Short and Long Tenn Disability shall <br />be as set forth in the Collective Bargaining Agreement and the City's <br />Personnel Policies and Procedures Manual, as it may be amended from time <br />to time, which is incorporated herein by reference. <br />(3) Payment for Election to Leave Employer's Comprehensive Major <br />Medical Insurance Program. The City shall pay one hundred and thirty <br />dollars ($130) per month to any Employee who elects to leave the City's <br />comprehensive major medical insurance program to be covered by another <br />program for which the City makes no contribution. This election shall not <br />be mandatory, and the Employee who made such election may return to the <br />City's comprehensive major medical Insurance Program, provided that the <br />conditions of the City's Comprehensive Major Medical Insurance Program <br />are met, and the contributions specified herein are made, but in such event <br />said Employee shall forfeit the one hundred and thirty dollars ($130) <br />payment per month thereafter. <br />(4) Life Insurance. The City shall provide term life insurance coverage in an <br />amount not less than Fifteen Thousand Dollars ($15,000) for each Teamster <br />employee. <br />(5) Benefit Waiting Period. The City notes that life insurance, comprehensive <br />major Medical Insurance, and short- term disability programs require a <br />minimum of sixty (60) day eligibility period; and that the long-term <br />disability program requires a minimum of a ninety (90) day eligibility <br />period which Teamster employees must meet. <br />(d) PERF Contribution. The City shall contribute one and one half percent (1.5%) of <br />the Employee's required three percent (3%) contribution to the Indiana Public <br />Employee Retirement Fund ("PERF") under Ind. Code 5-10.2-3-2. Employees are <br />responsible for the remaining one and one half percent (1.5%) contribution to PERF. <br />(e) Longevity. In recognition of certain Employee's dedicated service to the City, the <br />following Longevity Bonus Plan is provided according to the contract terms and <br />conditions: <br />0-5 Years <br />= $0.00 <br />6-10 Years <br />= $150.00 <br />11-15 Years <br />= $200.00 <br />16-20 Years <br />= $250.00 <br />21+ Years <br />= $350.00 <br />(f) Other Monetary Fringe Benefits. All other fringe benefits shall be as set forth in <br />the City's Personnel Policies and Procedures Manual as it may be amended from <br />time to time and the Collective Bargaining Agreement. If there is a conflict between <br />Policy and the Bargaining Agreement, the Bargaining Agreement shall prevail. <br />