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4.3. SR 04-02-2018 EGty1� ,.,�� Request for Action River To Item Number Mayor and City Council 4.3 Agenda Section Meeting Date Prepared by Consent Aril 2, 2018 Lauren Wipper, Human Resource Representative Item Description Reviewed by Amend Resolution 17-81, 2018 Compensation Plan Cal Portner, City Administrator Reviewed by Action Requested Approve,by motion, an amendment to Resolution 17-81, 2018 Compensation Plan. Background/Discussion The 2018 Flexible Benefits Plan was approved by the City Council on November 6, 2017. Resolution number 17-81, 2018 Compensation Plan,was approved by the City Council on December 18, 2017. When the city contribution numbers were transferred from the 2018 Flexible Benefits Plan into the 2018 Compensation Plan for Non-Organized Employees, the contribution amounts for employee + spouse and employee + child(ren) were transposed. This amendment request is to correct those amounts with the amounts from the approved 2018 Flexible Benefits Plan. The correction for item 16 under Insurance Benefits should read: Employees eligible for insurance benefits are eligible for participation in the city's Flexible Benefits Plan. The contribution levels shall be as follows: Health Insurance Election Monthl�ty Contribution Single $590.00 Employee & Child(ren) $1,080.00 Employee & Spouse $1,128.00 Family $1,545.00 Opt-out $300.00 Financial Impact The city contribution amount design is based upon the annual total budgeted amount for the Flexible Benefits Plan. As such, this correction should have no impact on the budget. Attachments ■ None The Elk River Vision A PehoMing community 2a itb revolutionary and spirited resourcefulness, exceptional POWERED By service, and community engagement that encourages and inspires prosperity INAMIRE1