GOV
Additional Benefits Offered
Other voluntary benefits offered to FT, eligible employees
Basic Life Insurance
Based on annual salary, rounded to the next higher $1,000. No premium due; paid by the City.
Optional Term Life Insurance (Basic Life Buy up) - Minnesota Life
Available at 1X (provided), 2X, 3X, 4X or 5X (electives) base annual compensation, at a maximum of $500,000. Premium rate is automatically adjusted by age. One-time Basic Life Insurance is provided by the City.
| Employe Age | Premium per $1,000 |
| Under 30 | $0.17 |
| 30 - 34 | $0.21 |
| 35 - 39 | $0.26 |
| 40 - 44 | $0.38 |
| 45 - 49 | $0.62 |
| 50 - 54 | $1.01 |
| 55 - 59 | $1.51 |
| 60 - 64 | $2.39 |
| 65 - 69 | $3.79 |
| 70 + | $7.72 |
Coverage Options - Life Insurance at Work by Securian, Issued by Minnesota Life Insurance Company
Dependent Life Insurance - Minnesota Life
Availalbe at $7,500 for spouse/domestic partner; $5,000 for each dependent child. Bi-weekly premium, $.0.63.
Optional (Buy up) Dependent Life Insurance - Minnesota Life
Available at $10,000 for spouse/domestic partner; $5,000 for eaach dependent child. Bi-weekly premium, $2.92.
Accidental Death and Dismemberment Insurance (AD&D) - Minnesota Life
Amount of coverage based on annual basic compensation; premium based on annual basic compensation. Premiums are automatically adjusted as annual basic compensation may change.
| Annual Base Compensation | Principal Sum | Premium Employee Only | Premium Family |
| Under $10,000 | $20,000 | $0.26 | $0.36 |
| $10,000 to $15,000 | $40,000 | $0.52 | $0.72 |
| $15,000 to $20,000 | $80,000 | $1.04 | $1.44 |
| $20,000 to $40,000 | $100,000 | $1.30 | $1.80 |
| $40,000 + | $150,000 | $1.95 | $2.70 |
Long-Term Disability Insurance (LTD) - The Hartford
The City provides a core benefit at no cost to the employee. The core benefit is 50% of earnings to a maximum benefit of $2,000 per month. No premium due.
Employees have the option for buy-up coverage. The basis for the buy-up coverage is the annual basic compensation.
LTD Coverage Certificate
Long-Term Disability Buy Up - The Hartford
The buy-up benefit is an additional 10% over the core benefit, both benefits totaling to 60% of earnings. The maximum benefit for the buy up is $5,000 per month.
