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either on-line or via telephone. The Human Resources Department has <br />information regarding FRS contact numbers and on-line internet addresses. <br />3) Voluntary ICMA 457 Deferred Compensation Plan <br />The City offers a voluntary Section 457 tax deferred retirement savings program <br />through the ICMA. This plan is available to eligible employees who wish to <br />supplement future retirement income. The plan allows employees to put aside a <br />portion of their earnings, up to the current federal limit, each pay period into an <br />account for their retirement and reduce the amount of earnings that is currently <br />taxable. The Human Resources Department administers this program through the <br />ICMA. <br />4) Voluntary ICMA Roth IRA Plan <br />The City offers a voluntary Roth -IRA plan. This plan is available to eligible <br />employees who wish to supplement future retirement income. The plan allows <br />employees to put aside a portion of their earnings, up to the current federal limit, <br />each pay period into an account for their retirement. The Human Resources <br />Department administers this program through the ICMA. <br />RETIREE HEALTH INSURANCE: <br />1) Eligibility: <br />a. Eligible full-time employees of the City that are participants in the City's <br />Health Insurance plans (the Plan) at the time of their retirement shall be <br />afforded the option of continuing to participate in the Plan(s) as a <br />Retiree. A "Retiree" is defined as an employee who voluntarily withdraws <br />from one's position and qualifies as a retiree under Section 112.0801(2), <br />Florida Statutes, The Retiree and any eligible dependent(s) may <br />continue participation under the Plan(s) effective the first day of the <br />subsequent month following the employee's separation of service. <br />Retirees can elect to continue coverage only for dependents that are <br />enrolled in the Plan(s) or elect to remove the dependents. <br />b. In addition to the eligibility provisions stated above, the City's Charter <br />Officers (as designated by the City of Sunny Isles Beach Municipal <br />Charter) may be eligible for retiree health insurance if they meet all of <br />the following criteria: <br />CODING: Words stricken are deletions, words underlined are additions. <br />503-1 Retirement Benefits -DRAFT 01172018sem <br />Page 3 of 6 <br />253 <br />366 <br />