Financial Security For You and Your Family

Covering Your Family

As a City of Gainesville employee, youre eligible for:

• Free life insurance
• Voluntary supplemental life insurance with a guaranteed issue of $100,00 or you can choose a benefit up to the lesser of 5 times your annual salary or $500,000
• Optional accidental death and dismemberment insurance

Planning For Your Future

The City of Gainesville offers employees financial security during retirement through:

• A pension plan with contributions by the employee and the City that provides a lifetime benefit at retirement with vesting after 5 years (10 years for Police and Fire). Full retirement eligibility upon completion of 20 years of credited service, regardless of age.
• DROP (Deferred Retirement Option Plan) provides added flexibility to your pension plan.
• Deferred compensation plan that allows voluntary employee contributions through a variety of investment vehicles with pretax income. You may contribute up to 100% of your pretax pay, up to $12,000 per year.

Wait, There's More!

The City Also Offers:

• U.S. Savings Bond purchase through payroll deduction
• Direct deposit of pay
• Personal computer purchase plan the City will finance the purchase of computer equipment and software up to $3,000 on an interest free basis for up to three years
• Personal fitness equipment/services the City will finance the purchase of fitness equipment/services up to $3,000 interest-free for up to three years
• Flexible medical spending account gives you the opportunity to set money aside before tax dollars for certain health care expenses not reimbursed by another health plan
• Flexible child care account gives you the opportunity to set aside pretax dollars to pay for qualifying dependent day care expenses