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CC Resolution No. 4769 ' ~ ~ ' RESOLUTION V0. 4769 ~ ' A RESOLUTION OF THE CITY COUNCZL OF THE CITY OF CUPERTI:10 ~ AMENDING POLICY NUMBER SEVEN (N0. 7) OF THE iKANAGEMENT COhII'ENSATION PROGRAM ( WHEREAS, it is the Policy of the City of Cupertino to provide group hospital and medical insurance under which Management and Confidential positions and their dependents may be covered; and ( WHEREAS, !t is the desire of the City Council to increase the City's maximum contribution to an amount of $90.00 per employee per mon[h towards the premium or pay the full cost of the premium if the premium is lesa ~ than $90.00; and r ~ WHEREAS, it is the desire of the City Council to continue a policy tha[ whea premium amoun[s are less than the city's maximum contribution, the difference between the premium amount and $90.00 will be contributed ~ by the City to a~ieferred compensation accoun[ in the employee's name in accordance with Policy No. 11 of the Management Compensation Program. ~ ~ NOW, THEREFORE, BE IT RESOLVED that Policy Number Seven (No. 7) of . the Managemen[ Compensation Program be amended to increase the City's contribution towards group hospi[al and medical insurance premiums as shown in Attachment "A" which is incorporated in this resolution by this reference. BE IT FURTHER RESOLVED that this resolution shall take effect July 1, 1978. ~ PASSED AND ADOPTED at a regular meeting of the City Council of the City of Cupertino this 7th day of August , 1978, by the following vote: Vote Members of the Ci[y Council AYES: Meyers, 0'Keefe, Rogers, Sparks, Jackson NOES: None ABSENT: None ABSTAIN: None ATTEST: APPROVED: ~ ` ~ _ `~`'f~j~ r G "~.`-G1~-1 C . ' .~-t' De.puty City Clerk or,"Cirty of CupBtFino ~ ~ Attachment "A" Resolu[lon No. 476q City of Cupertino MANAGEMENT COMPENSATION PROGRAM Policy No. 1 HEALTH BENEFIT PLANS - EMPLOYER CONTRIBUTION It is the policy of the City of Cupertino to provide group hospital and medical insurance under which employees in Management or Confidential positions and their dependents may be covered. The purpose of this pro- gram is to promote and preserve the health of employees and their families through comprehensive health plans available only through employer spon- sorship. Although [he premium cost for the insurance provided remains the ultimate responsibility of the employee in a Management or Confiden[ial positon, the City shall contribute an amount of $90.00 per employee per month towards the premium or pay the full cost of [he premium if less than this amount. If premium amounts for any employee covered by [his policy are less than $90.00 per month, the difference between the premium amount and $90.00 will be contributed by che City to a deferred compensa- tion account in the employee's name in accordance with policy number 11 of this plan and the regulations of the compensation deferment program of the City. Enrollment in the plan or plans made available pursuant to this policy shall be in accordance with Personnel Rules of the City and the provisions of the contract for such insurance between the City and carrier or carriers. Adopted by Action of the City Council September 16, 1974 Amended July 7, 1975 Amended July 19, 1976 - Amended July 1, 1977 Amended