About Timnath Benefits
Timnath offers a variety of employee benefits. Timnath believes employee health and wellness are a priority!
Benefits
Retirement
The Town employees do not contribute to Social Security, instead we currently participate in Colorado PERA. PERA has two types of retirement plans: A defined benefit (also called a pension) plan where PERA invests funds on your behalf and then provides a lifetime monthly benefit in retirement, and a defined contribution plan where you choose your investments and then draw from your account balance in retirement.
As a Colorado PERA member, you contribute a percentage of your monthly salary into PERA. Your PERA contributions are tax- deferred, which means they are not considered taxable income until they are withdrawn.
Health, Vision Dental
HEALTH
The Town offers group health insurance for regular full-time employees. Employees may purchase dependent coverage, but the employee contributes towards the cost for dependent coverage. Benefits become effective on the first day of the month following 30 days of hire.
Employees can choose between two different UMR EPO Plans or a Kaiser HMO Plan.
VISION
Vision insurance is provided through VSP network.
DENTAL
Dental insurance is provided through Delta Dental network.
Leave
HOLIDAYS
The Town observes nine holidays, where the Town is closed and full-time employees receive pay. In addition, the Town offers two floating holidays to be used throughout the year.
SICK LEAVE
Full-time employees accrue at 4 hours per pay period up to a maximum of 1,040 hours
Part time and temporary employees accrue up to 2.6 hours per pay period up to a maximum of 48 hours
VACATION
Full-time employees accrue 3.69 hours per pay period (96 hours per year) during the first year of employment. Each year thereafter, 8 hours are added annually until an annual maximum of 320 hours accrued.
BEREAVEMENT
JURY DUTY
Other Benefits
LIFESTYLE SPENDING ACCOUNT
Reimbursement of up to $50/mo. for health related expenses (i.e. gym membership, fitness equipment, massages and more!)
VOLUNTARY SUPPLEMENT COVERAGES
The Town offers voluntary supplemental coverages employees can purchase through AFLAC, including Accident, Cancer Protection, Critical Care, Hospital, Vision, Dental and Short Term Disability
FLEX SPENDING ACCOUNTS
Flex spending accounts for medical or dependent care per IRS limits and rules.
EMPLOYEE ASSISTANCE PROGRAM
Confidential assistance and resources for employees that need help to work through personal or professional challenges
VOLUNTARY 457 DEFERRED COMPENSATION PLAN
Voluntary deferred compensation retirement savings plan through Mission Square
EDUCATION REIMBURSEMENT
Education Reimbursement Program
Contact:
Hope Bernstein, HR Generalist
(970) 224-3211 ext. 1408 , [email protected]