11232-25 2026 Teamster Salary Ordinance

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and the contributions specified herein are made, but in such event said Employee shall forfeit the one hundred and thirty dollars($130) payment per month thereafter. (4) Life Insurance. The City shall provide term life insurance coverage in an amount not less than Fifteen Thousand Dollars($15,000) for each Teamster employee. (5) Benefit Waiting Period. The City notes that life insurance, comprehensive major Medical Insurance,and short-term disability programs require a minimum of sixty(60)day eligibility period;and that the long-term disability program requires a minimum of a ninety (90)day eligibility period which Teamster employees must meet. (d) PERF Contribution. The City shall contribute one-and one-half percent (1.5%)of the Employee's required three percent (3%)contribution to the Indiana Public Employee Retirement Fund ("PERF") under Ind. Code 5- 10.2-3-2 for Employees who are members of the Bargaining Unit as of January 1, 2025 or Employees hired after January 1, 2025 who have maintained both five(5)continuous years of employment with the City and five (5) years membership in the Bargaining Unit. Employees are responsible for the remaining one-and one-half percent(1.5%)contribution to PERF,as set forth in the Collective Bargaining Agreement,incorporated herein by reference. (e) Longevity. In recognition of certain Employee's dedicated service to the City. the following Longevity Bonus Plan is provided according to the contract terms and conditions: 0-5 Years =$0.00 6-10 Years =$150.00 I I-15 Years =$200.00 16-20 Years =$250.00 21+Years =$350.00 (f) Other Monetary Fringe Benefits. All other fringe benefits shall be as set forth in the City's Personnel Policies and Procedures Manual as it may be amended from time to time and the Collective Bargaining Agreement. If there is a conflict between Policy and the Bargaining Agreement, the Bargaining Agreement shall prevail. (g) Early Retirement Incentives. The Mayor shall have discretion to offer an early retirement incentive program that may take the form of a bonus upon retirement for years of service or assistance with health insurance for a retiree who isn't Medicare eligible. Such assistance shall not exceed one(1)year. Any such bonus or assistance must be approved by the Mayor and Controller and are subject to appropriation by the Common Council before any such bonus or assistance may be paid. I C.5-10.2-3-1.2 permits employers to purchase one year for every five years of service for employees in PERF covered positions under certain conditions. The Mayor shall have discretion to offer such early retirement incentive program,pursuant to statute,after consultation with the Controller and after appropriation by the Common Council. (h) Hiring Bonus.The Mayor,may,at his/her discretion,offer a Hiring Bonus to a new Teamster employee as an incentive for the employee to accept the position offered.This Bonus will be paid to the employee in addition to the salary set forth in the Salary Ordinance. The range of these monetary bonuses will be from one hundred($100)to four thousand dollars($4,000). (i) Teamster Recruitment Incentive. The Mayor, at his/her discretion, to address labor shortages affecting qualified Teamster employees,or for other