HomeMy WebLinkAboutORDINANCE 1995-2003Suggested by: Administration
CITY OF KENAI
ORDINANCE N0. 1995-2003
AN ORDINANCE OF THE COUNCIL OF THE CITY OF KENAI, ALASKA, AMENDING
KMC 23.40.080 AND 23.40.120 TO ALLOW EMPLOYEES TO ELECT THE OPT-OUT
PROVISION OF THE PUBLIC EMPLOYEES RETIREMENT SYSTEM (PERS) AS STATED
IN AS 39.35.150(b) AND/OR OPT OUT OF MUNICIPAL MEDICAL AND HOSPITAL
INSURANCE.
WHEREAS, KMC 23.40.080 requires City employees to participate in the PERS
system; and,
WHEREAS, in 2001 the Alaska Legislature enacted AS 39.35.150(b) which allows
persons who retire in the PERS system to be re-employed within the PERS system and
opt-out of participation in PERS while keeping their eligibility for PERS retirement;
and,
WHEREAS, reemployment of such persons could save the City thousands of dollars
because the City would not pay for medical insurance or have to make PERS
contributions for them while keeping experienced employees in the workforce at a
substantial cost saving to the taxpayer.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF KENAI,
ALASKA that KMC 23.40.080 and 120 are amended as follows:
I.
23.40.080 Retirement
Employees are required to participate in the State Public Employees Retirement
System (PERS) unless the employee participates in the opt-out provision of AS
39.35.150(b). See the PERS handbook for details.
II.
23.40.120 Medical and Hospital Insurance
Medical and hospital insurance shall be provided by a group policy for all
employees with all premiums paid by the City unless the employee declines
such coverage. Life, major medical, dental and vision insurance are included as
part of group insurance.
~,, Ordinance No. 1995-2003
~ Page Two
PASSED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, this 19th day of March,
2003.
ATTEST;
Carol L. Freas, City Clerk
(2/26/03) kh
Introduced:
Adopted:
Effective:
March 5, 2003
March 19, 2003
April 19, 2003