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Employment Benefits
Manual
City of Princeton Benefit Summary
Insurance
Texas Municipal League Intergovernmental Employee Benefits Pool (TML IEBP)
- Workers' compensation (TML)
- Health and Dental (Blue Cross Blue Shield):
- Full-time regular employees are 100% covered by the City for health, dental, and vision (AVESIS)
- Employee may select dependent coverage and pays 50% of the cost for dependent coverage
- Life insurance through Standard Insurance ($15,000)
- Optional additional life insurance up to 3 times the employee's annual salary paid by the employee
- Optional life insurance for dependents; employee pays 100% of the cost
- Short-term disability insurance (Standard Insurance)
- Supplemental insurance (AFLAC, Liberty, NFC)
- 457 Plan through ValuTeachers and/or Nationwide
- The City does not supplement cost; pre-tax and post-tax savings options for employees' choice of insurance
Retirement
Texas Municipal Retirement System (TMRS)
- All Regular Full: Time Employees:
- 7% employee contribution
- City matches 2 to 1 after the employee is vested
Time Off
- 15 Holidays
- Sick Time:
- 32 hours each calendar year
- 48 hours each calendar year for fire
- Vacation:
- Regular full-time employees:
- 0 to 24 Months: 3.06 hours per pay period (up to 80 hours per year)
- 25 to 48 Months: 4.61 hours per pay period (up to 120 hours per year)
- 49 to 120 Months: 6.15 hours per pay period (up to 160 hours per year)
- 121 to 180 Months: 7.69 hours per pay period (up to 200 hours per year)
- Over 180 Months: 9.23 hours per pay period (up to 240 hours per year)
- Regular 24-hour shift firefighter:
- 0 to 24 Months: 4.61 hours per pay period (up to 84 hours per year)
- 25 to 48 Months: 6.92 hours per pay period (up to 120 hours per year)
- 49 to 120 Months: 9.23 hours per pay period (up to 160 hours per year)
- 121 to 180 Months: 11.53 hours per pay period (up to 200 hours per year)
- Over 180 Months: 13.85 hours per pay period (up to 240 hours per year)
- Regular full-time employees:
Longevity Pay
- $5 per month for each full month employed after 1-year service