MEMORANDUM OF UNDERSTANDING WITH THE CULVER CITY POLICE MANAGEMENT GROUP JULY 1, 2025, THROUGH JUNE 30, 2028. - Flipbook - Page 32
ARTICLE FOUR
1.
Employees who opt out of CalPERS health plan coverage and
request that the flex dollars be converted to taxable income, shall
receive the value of flex dollars up to the amount of $600.00 per
month as taxable income, minus any monthly deduction costs toward
mandatory life insurance and other ancillary plan benefits the
employee selects. The flex dollars shall be distributed via two (2)
equal payments of taxable income in the first two (2) pay checks
each month.
2.
Employees who opt out of CalPERS health plan coverage and
request that the flex dollars be converted into a pre-tax contribution
in the employee’s City-sponsored 457 retirement savings plan
account, shall receive the value of flex dollars up to the amount of
$600.00 per month, minus any monthly deduction costs toward
mandatory life insurance and other ancillary plan benefits the
employee has selected.
The flex dollars shall be deposited via two (2) equal pre-tax contributions
into the employee’s 457 retirement savings plan occurring the first two (2)
pay checks of each month. Flex dollar contributions into the 457-retirement
savings plan account shall be applied to the employee’s annual deferral
limit. For example, the 2026 annual deferral limit is currently $24,500. If the
employee is eligible for $600 in flex dollars per month, the employee’s
deferral limit shall be reduced by $7,200 ($24,500 minus $7,200 = $17,300).
The cash out option is not payable to employees enrolled in a government
sponsored health plan (i.e., Medicare, Covered California, Medi-Cal).
D.
PROOF OF COVERAGE / WAIVE CITY LIABILITY
Unit employees waiving City medical insurance coverage must provide
proof of enrollment in an authorized alternative non-City employer
sponsored or non-CalPERS employer sponsored group health plan and
waive any liability to the City related to the decision to decline coverage.
E.
EMPLOYEE SPOUSES/
DEPENDENTS
1.
REGISTERED
DOMESTIC
PARTNERS/
Dual Coverage
Dual medical coverage under City-sponsored health (CalPERS)
and/or ancillary plans is not permitted when both spouses and
PMG MOU 20222025-2025
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57222818.1/005528.00067
2028
