Total Rewards for Full Time Employees
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Employees meeting the Town’s Pay for Performance guidelines may be eligible to receive an annual increase of 1.5% to 6%. The increase percent may not exceed the maximum hourly rate for the job classifications.
Employees may be eligible for an annual performance bonus based on job performance. The maximum amount is $6,000. Employees become eligible for the performance bonus payment on December 1, following five years of employment with the Town.
Vacation for 1 to 4 years of employment - 80 hours, 5 to 9 years of employment - 120 hours, 10 to 14 years of employment - 136 hours, 15 and more years - 160 hours. Employees receive 24 hours personal time per calendar year and 8 hours for a floating holiday per calendar year. The Town also observes a total of 13 holidays
96 hours sick leave per calendar year, accrued on a pay-period basis. Forty (40) hours per calendar year may be used for illness of an immediate family member. Bereavement Leave of 3 days for an in-state funeral, 5 days for out of state (immediate family).
Active military service leave of absence not to exceed one year and will receive full pay from the Town for the first 30 days of active duty in a calendar year. Annual active duty for training leave compensated by the Town at regular pay not to exceed 240 working hours per year.
The fitness center is located on the first floor of the central Fire Station across the street from Town Hall. The gym provides standard set of equipment including treadmills, stationery bikes, etc. Weight machines are also available.
Employees are eligible after one year of service. Reimbursement for tuition based upon grade received. Reimbursement is limited to the current tuition charged by either Palm Beach State College for similar state college programs or Florida Atlantic University for similar university programs. Credit Union offers several benefits to include savings accounts and loan eligibility after 12 months of employment.
100% employer paid, confidential counseling sessions to assist employees and their families with personal and work-life issues such as marital problems, parent-child conflicts and substance abuse. In addition, other resources such as legal support, financial planning and various work-life solutions are available. Work-life solutions include child and elder care, moving, pet care, college planning, home repair, buying a car, planning an event, selling a house and more.
Two open access network plan options available that include in and out-of-network coverage. New employees are eligible on the first of the month following the date of hire. Prescription plans are also offered. Reduced premiums are available for those employees who participate in the Town’s wellness program. Telehealth, Dental Vision, Flexible Spending and Domestic partner coverage on all medical, dental and vision plans.
Basic life and AD&D at no cost to the employee. Life insurance is provided in the amount of one times the employee’s annual gross earnings, rounded to the next higher $1,000, up to $100,000. The Town will supplement the insurance payout in the event the employee earnings do not equal $100,000, providing the employee’s beneficiary at least $100,000 of coverage
Supplemental term life for employee, spouse and eligible dependents are also available. Enrollment includes access to resources such as Travel Assistance, Legal Financial & Grief Counseling, Legacy Planning and Beneficiary Financial Counseling.
Provides a benefit of 66.67% of employee's weekly earnings up to a benefit maximum of 1,000 per week. The benefit begins on the 15th day after the employee is disabled due to non-work related injury or illness. The maximum benefit period is 24 weeks.
The Town offers a hybrid retirement benefit which includes both defined benefit and defined compensation plans. General employees working more than 1,850 hours per fiscal year are required to contribute 6.5% of their compensation to the plan. The Town funds the defined benefit plan as needed, and provides matching contributions into the defined contribution 401(a) plan. The retirement plan requires a minimum of ten years vesting to become eligible for benefits. A summary of the benefits are below, please refer to the Town Ordinance 22-85 and 401(a) plan documents for complete benefit plan details.
Defined Benefit Plan
Employees are required to contribute 3.5% on a pre-tax basis. Multiplier: 1.7%. Eligibility: Age 62. Similar to FRS, a survivors’ benefit is available to “purchase” through actuarial reduction of monthly pension amount.
Defined Contribution 401(a) Plan
Mandatory Contribution & Matching (pre-tax)
Employees contribute 3% on a pre-tax basis. The Town matches the 3% employee contribution.
Voluntary Contribution & Matching (post-tax)
The Town will match the employee’s post-tax contribution up to 2%.
Current IRS 401(a) Post-Service Withdrawal Rules
Under current IRS rules, general employees who separate from Town employment during or after the year they reach age 55 can receive distributions without the 10% penalty (in addition to regular income taxes) on early distributions. General employees who separate from Town employment before the year they reach age 55 will be subject to the 10% penalty for distributions taken before age 59 and one-half. Distributions taken after age 59 and one-half are not subject to the penalty.
Distributions from 401(a) Defined Contribution Plan Distributions are subject to IRS rules at the time of separation from Town employment. A tax specialist can explain the tax implications relevant to your personal situation.
Participants can name any person (s) as the Beneficiary of the plan with no spousal consent required
Optional Deferred Compensation and Roth IRA Savings Plans
An optional 457 tax deferred savings plan and Roth IRA offered through MissionSquare are available. These provides for long-term savings plan with a variety of investment options available for employees to elect voluntarily at any time during their employment.
Retirement Health Savings Plan (RHSP)
Eligible Town employees will make a 1% payroll deduction into the RHSP health benefit savings plan. The plan allows an employee to accumulate money to pay for medical expenses for him/herself, spouse and/or dependents (e.g., health insurance and prescription expenses) upon separation or retirement on a tax-free basis. The contribution amount increases to 2% for those with 10 or more years of service. Upon separation of employment and/or retirement 50% of eligible sick leave hours will be contributed to the employees’ RHSP account.