of the benefit year. Payment under this program shall be made at the conclusion of the benefit year.
LIFE INSURANCE. Except under medical or other exceptional circumstances which make the purchase of life insurance benefits impracticable, management personnel shall receive the following types of life insurance coverage.
| City Manager | $200,000 |
|
Department Heads and Public Safety Captains |
$100,000 |
|
Assistant Finance Director, Leisure Services Program Supervisor, Horticulturist, Staff Engineer, Refuse Foreman, Streets Foreman, Foreman/Inspector/Engineering Technician, Water Plant Superintendent/ Water and Sewer Line Foreman, Income Tax Administrator, and Code Enforcement Officer |
$75,000 |
The reference to dollar amounts of life insurance coverage shall not preclude the purchase of additional life insurance and related products, including but not limited to annuity investments, to enhance the current life insurance program for management personnel. If an employee retires from city service and is immediately eligible to receive retirement benefits, the employee shall have the option to: 1) receive any cash values that may have accumulated on his or her behalf; 2) convert the benefits under the terms and conditions of the policy; or, 3) continue the existing benefits as his or her own policy.
Office personnel, and clerical and support personnel shall be provided with $40,000 term life insurance for each person holding such a position.
Except as may be otherwise provided in an applicable collective bargaining agreement, all life insurance referred to in this Personnel Schedule shall be provided six months after the date of hiring, with the City Manager to have authority to direct that it be provided at an earlier date within those first six months through a written memorandum to the Personnel Officer and the Finance Director.
I hereby certify that this Amended Personnel Schedule is a true and correct compilation of the Personnel Schedule and all amendments thereto previously enacted by the Council for the city of Oakwood.
NORBERT S. KLOPSCH, CITY MANAGER
DATE: December 13, 2021