Return to top of Benefits Program Voluntary supplemental life insurance Eligible employees also may enroll in an optional life insurance program. An employee's deductions for medical and dental premiums, flexible spending accounts and the city retirement plan are all taken on a pre-tax basis. The city shares the cost with the employee. Two dental plans are provided at no cost to dental eligible employees. The city shares the cost of family coverage with the employee.
Eligible employees can choose between a prepaid dental plan and an indemnity dental plan.
By lowering the taxable income, employees pay less taxes and have more money to spend. Return to top of Benefits Program Deferred compensation plan The city of Phoenix deferred compensation program has been established to provide employees with voluntary investment options designed to supplement their income at retirement. The city offers a deferred compensation plan through which employees may defer income from peak earning years to provide additional income upon retirement. Some employee classifications receive a percentage of their income from the city as a fringe benefit. An employee must be employed for 12 consecutive months in order to qualify for this benefit.