This works like an IRA without the tax limitations found in IRA's. Eligibility starts when first employed. Coverage begins immediately upon employment. This is an excellent insurance against short or long term illness and should not be abused. Upon retirement, unused sick leave gives the employee additional service credit and increases retirement income.
Coverage begins immediately upon employment.
New employees who come to the City from another governmental entity covered by the Local Governmental Employee Retirement System are eligible to transfer a portion or all of their existing Sick Leave balance to the City. Coverage begins immediately upon employment. Employees and their families may purchase prescription safety glasses for on the job or everyday wear at a greatly reduced price and pay for them through payroll deduction. Full time and part time employees may join the Greensboro Municipal Credit Union and participate in its savings, loan and other financial programs. The Compensation Program described above represents current practice within City employment.