Town of Woodfin Employee Benefits
Effective: 12/01/2023
Updated: 01/03/2024
HEALTH INSURANCE
Dental Insurance - Principal Insurance Dental PPO
- $2,000 annual maximum
- Deductible: Individual: $50 | Family: $150
- 100% Preventive Care
- 80% Coinsurance Basic Services: Emergency exams, Periodontal Maintenance, Fillings, Root Canal
- 50% Coinsurance Major Services: Dental Implants, Surgery, Dentures, Crowns and Complex Restorative Care
Vision Insurance - Principal Insurance VSP Choice
- Exams: $10 Copay
- Prescription Glasses: $25 Copay & $150 Allowance on Frame, with a 20% discount off the remaining balance for frames, lenses and lens options once every 12 months.
- Contacts: $25-$60 Copay
- $150 allowance on contacts every 12 months.
RETIREMENT
Local Government Employees Retirement System (LGERS)- 6% payroll deduction
- Full retirement benefit with 30 years of service, age 60 with 25 years, age 65 with 5 years
- Reduced retirement benefit age 50 with 20 years of service or age 60 with five years
- Town of Woodfin contributes 8% of employee’s salary into investment plans of employee's choice
- Eligible after the first six months of employment
- Designed to supplement employees’ retirement income
- Voluntary employee contributions to a variety of investment plans and also defers taxes
- Roth 401(k) employee contributions – taxes are paid now versus when funds are withdrawn
OTHER INSURANCE BENEFITS
Life InsuranceTown of Woodfin paid basic life insurance of $100,000
AD&D Insurance
Town of Woodfin paid accidental death and dismemberment of $100,000
Dependent Life Insurance
Town of Woodfin paid $2,500 for Spouse and Dependent Children up to age 19, age 26 for full time students. Reduced benefit for children birth to 6 months of $250.
Short Term Disability Insurance
Town of Woodfin paid coverage *$350 Per Week for full time employees with an annual salary less than $40,000, $500 per week for full time employees with an annual salary greater than $40,000. Up to 26 weeks of coverage.
TIME OFF
Holidays- 13 paid Town of Woodfin holidays each calendar year.
- 12 days earned per year with unlimited accumulation.
- May be used for employee or immediate family member's illness, medical/dental appointments, death of a relative
- One month of retirement service credit allowed for each 20 days, or portion, of unused sick leave
- Sick Leave balance from other local governments may be transferred to the Town after six months of service.
Years of Service | Hours Earned Per Pay Period (80-hour positions, sworn & non-sworn, 8-hr shift) |
Hours Earned Per Pay Period (80-hour positions, sworn, 10-hr shift) |
Hours Earned Per Pay Period (84-hour positions, sworn, 12-hr shift) |
Less than 2 years | 3.08 hours | 3.69 hours | 4.62 hours |
2 years but less than 5 years | 3.69 hours | 4.62 hours | 5.54 hours |
5 years but less than 10 years | 4.92 hours | 6.15 hours | 7.48 hours |
10 years but less than 15 years | 5.85 hours | 7.31 hours | 8.77 hours |
15 years but less than 20 years | 6.77 hours | 8.46 hours | 10.15 hours |
20+ years | 7.69 hours | 9.62 hours | 11.54 hours |
OTHER BENEFITS
Law Enforcement Officers' Special Separation AllowanceSeparation benefits to Law Enforcement Officers who complete 30 or more years of creditable service or are at least 55 years old with 5 years of service and have not attained 62 years old.
Longevity Pay
Lump sum payment based on regular aggregate service years with the Town as of November 1.
Years of Service | Longevity Pay |
Less than 1 year | $100 |
1 year but less than 2 years | 1% of salary |
2 years but less than 5 years | 3% of salary |
5 years but less than 10 years | 4% of salary |
10 years but less than 15 years | 5% of salary |
15 years but less than 25 years | 6% of salary |
25+ years | 7% of salary |
Consumer Price Index (C.P.I.) Salary Adjustment
Across the Board Salary Adjustment each year based on prior year C.P.I.
Note: This document contains a general description of benefits offered by the Town and is not intended to be a complete list. Employees should read individual coverages carefully to determine the benefit level that applies to their specific circumstances. Benefits listed here are subject to change at anytime.