Employees with medical, dental, vision, or long-term disability (LTD) insurances funded by your City paycheck will see a change in their benefit contributions and/or deductions starting with their June paychecks.
In our current system, these benefits are paid one month in advance. This means any City contributions or deductions (out-of-pocket amounts) on your May 3 and May 17 paychecks paid for June’s benefits.
In the new Oracle ERP system, the functionality to pay one month in advance is no longer available. Starting on your July 12 paycheck, which will be the first pay check processed in Oracle, July contributions and deductions will pay for July’s benefits.
What does this mean for you?
Your May 31 paycheck was the third paycheck in the month of May. As usual, you did not have these benefits contributed or deducted. Similarly, your June 14 and June 28 paychecks will not have contributions or deductions for the following items:
· Medical insurance
· Dental insurance
· Vision insurance
· Long-term disability (LTD) insurance
Only those with out-of-pocket costs will notice a change in pay.
How does this affect my benefits?
- There will be no changes to your current benefits. You will continue to be covered and there will no lapse in coverage.
What happens when I leave the City?
- Currently your coverage would end at the end of the month following the month in which you separated from the City. (Resignation date = October 1 then benefits end November 30). This will not change. Due to the change in how premiums are deducted during the month of coverage, the out-of-pocket premiums for the second month after separation from the City will be covered by your available leave balances on the final paycheck.
If leave balances are not sufficient, then the employee can complete a form and pay those costs with a check provided to Human Resources by the first of the month, to have coverage for that month.
Please email [email protected] with any additional questions.