Town of Princeton Personnel Policy

7.J.4. Part time, temporary/seasonal, emergency and stipend employees are not eligible for the Town’s health insurance program.

7.J.5. An employee who is placed on a temporary unpaid leave of absence for not more than ten (10) weeks, whether stated to be a leave of absence, a temporary layoff or a temporary disability, will be allowed to continue to participate in the Town’s insurance program as if still in paid status. The employee will be required to pay the Town, on or before the fifteenth of each month, for the following month’s coverage of the employee’s portion of the insurance premium which would otherwise be deducted from the employee’s compensation. Failure of the employee to make timely payment will result in termination of this benefit.

K. Life Insurance

7.K.1. Regular full time and regular reduced-hours employees may elect to be covered by $10,000 term life insurance and $10,000 accidental death insurance. The premium payment will be shared equally by the Town and the employee. The policy is subject to approval by the life insurance company.

7.K.2. Retired employees may be covered by $5,000 term life insurance and $5,000 accidental death insurance. The premium payment will be shared equally by the Town and the retired employee.

7.K.3 Employees who elect not to participate in the life and accidental death insurance plan must sign a waiver form.

7.K.4. Elected officials compensated $200 or more per year may choose to join the Town plan and the premium payment will be shared equally by the Town and the official. The Town contribution shall cease when the official no longer serves in the elected position.

7.K.5. Part time, temporary/seasonal, emergency, and stipend employees scheduled to work less than twenty (20) hours per week, are not eligible to participate in the Town’s plan.

7.K.6 Leave of absence employees may choose to receive life insurance benefits as outlined in section 7.J.5.

L. Retirement

7.L.1. The Town of Princeton Contributory Retirement System is organized and operated by the Worcester County Retirement System in accordance with the provisions of Massachusetts General Laws, Chapter 32. Regular full time employees and regular reduced-hours employees working a minimum of 1,040 hours in any calendar year are required to participate in the plan.