Employee Benefits
The City of Georgetown provides a comprehensive, cost effective, health and welfare package that includes the following: medical, dental, life insurance, long term disability, voluntary vision, flexible spending options, employee assistance program, retirement and deferred compensation programs. The City also provides vacation, sick leave, holidays, funeral leave, jury leave, military leave and injury leave. Medical, dental and vision benefits are effective the first of the month following date of hire. Life Insurance and Long Term Disability are effective the first of the month following the effective date of medical coverage. Please refer to the benefits guide (linked to below) for plan information/details.
Health Insurance
The city offers employees medical insurance through Humana. Employees have the option of selecting either Humana Copay (NPOS) or Humana HDHP (NPOS).
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Humana Copay (NPOS) – With this plan you are not required to select a Primary Care Physician (PCP), however, you are encouraged to do so to create that initial relationship between you and your doctor should a need arise. You also have the option of going directly to any network provider for covered services – without a referral from your PCP. This includes all specialty providers.
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Humana HDHP (NPOS) – The HDHP plan continues to offer you the option of choosing covered services in or out of network. The HDHP plan requires a high annual deductible per individual. You will pay the total discounted amount until the deductible is met at which point insurance pays 100%. Employees selecting this plan qualify for an HSA.
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The City will contribute $500 to employees choosing employee only coverage and $1,000 to employees choosing employee + children, employee + spouse or family coverage into a Health Savings Account (HSA). This amount is pro-rated for new employees based on the number of months covered on the plan.
Dental Insurance
The City offers employees dental insurance through Aetna Freedom of Choice Plan (DMO or PPO selection). Employees have the option of selecting a provider from within the Aetna network or any licensed dentist. Refer to the Benefits Guide for more details. *The City of Georgetown pays 100% of the Employee-Only premium under Aetna Open Access DMO and Aetna Freedom of Choice dental plan.
Life Insurance
1X annual salary provided through TMRS. Employee may purchase additional insurance in increments of $10,000 not to exceed 5X their annual earnings.
Long Term Disability
Long Term Disability buy-up is funded completely by the City.
Vision
The City offers all full-time employees the voluntary Spectera Vision Plan. The Spectera Vision plan offers benefits for eye exams, frames and lenses or contact lenses.
Flexible Spending Options
Premium Only Plan - Allows the employee to pay for health, dental and vision insurance premiums on a pre-tax basis. Flexible Spending Accounts - Health Care and Dependent Care : Allows the employee to pay for certain un-reimbursed health expenses and dependent care expenses on a pre-tax basis.
Employee Assistance Program
EAP services are provided through MHNet. MHNet has provided leadership in the industry. Program benefits include 24-Hour Call Centers, Short-Term counseling, up to 8 sessions; convenient counseling locations, and Work life Solutions, a program designed to assist you and your family members with legal and financial assistance, health and wellness programs and personal and professional development.
Texas Municipal Retirement System - TMRS
The City of Georgetown offers a retirement plan through the Texas Municipal Retirement System. The City of Georgetown's TMRS plan requires a contribution (made by means of bi-weekly payroll deductions) equal to seven percent (7%) of the salary of each regular full-time City employee. The City matches employee contributions on a 2 to 1 basis after the employee is vested at the time of retirement. Vesting occurs after 5 years of employment. The City has also adopted 20-year any age retirement.
Deferred Compensation
In addition, a 457 plan is available. The purpose of this plan is to allow an employee to set aside a portion of his/her salary pre-tax and receive its value at retirement. Employee eligibility is immediate. Employees may select their plan through ICMA.