Health, Insurance & Retirement Benefits
Group Health Plan
The Town has a comprehensive self-funded medical plan with UMR Preferred Provider Option (PPO). Employees may choose among two plan design options: Plan 2 is a traditional PPO plan with a $500/person and $1000/family deductible, and Plan 3 is a High Deductible Health Plan with a Health Savings Account (HSA) component.
The Town currently pays the monthly insurance premium for full time employees who participate in the wellness program. The Town may contribute to employee Flexible Spending Accounts and HSAs based on an employee’s plan selection. Dependent coverage is available with the Town contributing 50% toward the dependent premium.
Group Dental Plan
The Town has a comprehensive self-funded dental plan with Delta Dental that provides payment of 80% of eligible expenses for preventive and 70% of basic and major care. Preventive dental benefits are not subject to the deductible. The Town pays the monthly premium for full time employees. The maximum benefit is $2,000 per person per calendar year and covers orthodontics, 50% up to $2000 per lifetime per covered individual. Dependent coverage is available with the Town contributing 50% toward the premium.
VSP is the provider of the Town's vision plan. The two plan options cover a portion of the cost of exams, contacts, lenses, and frames. Please refer to VSP for more information about benefits, discounts, and doctor listings.
The Town provides a $30,000 term policy with Accidental Death & Dismemberment coverage to all full time employees. The Town also covers the cost for dependent coverage for spouse ($10,000), children over 6 months ($3,000) and children from 14 days to 6 months ($100). The Town offers two voluntary life insurance programs. One is a decreasing term life insurance program sponsored by IMRF. The other is a term life program that can be purchased for employee, spouse and dependent children.
The Illinois Municipal Retirement Fund (IMRF) is the pension system for all classified civilian employees. Retirement benefits are based on two factors, the years of service and each member’s final rate of earnings as an IMRF member. This plan includes short and long-term disability and death benefits. Employees contribute 4.5% of earnings annually in addition to the employer’s contribution. By state statute, sworn police officers and firefighters are eligible for pension programs administered by independent pension boards.
Deferred Compensation and Roth IRA Plans
The Town offers a voluntary 457 retirement savings plan through MissionSquare Retirement. Per IRS regulation, employees have the option of contributing a portion of their salary up to a predetermined dollar limit in effect for that year or 100% of gross salary, whichever is less. Town employees also have the option of making Roth IRA contributions through payroll deduction.
*All benefits are subject to modification as determined by the Town Council.