Benefits

Employee Benefits

The Town of Reading offers the following benefits to employees working a regular schedule of 20 or more hours per week. Employees must apply within 30 days of the date of hire.

Health & Dental Insurance

  1. Health & Dental Plan Designs (PDF)
  2. FY24 Rate Sheet (PDF)
  3. Signed Health Agreement 7.1.22 to 6.30.25 (PDF)
  4. Opt Out Program Side Letter Updated 2023

Enrollment Forms By Department

  1. Municipal Enrollment Form (PDF)
  2. Reading Municipal Light Department Enrollment Form (PDF)
  3. Schools Enrollment Form (PDF)
  4. Sewer Enrollment Form (PDF)
  5. Storm Water Enrollment Form (PDF)
  6. Water Enrollment Form (PDF)

Life Insurance

Boston Mutual
These are term insurance and do not accumulate cash value.

Life Insurance Plans

*Eligible employees must be enrolled in Basic Life Insurance in order to be eligible to enroll in the Voluntary Life Insurance.

Flexible Spending Account (FSA)

Cafeteria Plan Advisors (PDF)

  • Health Care FSA - up $3,050 in pre-tax dollars to pay for unreimbursed out-of-pocket medical or dental expenses.
  • Dependent Care FSA - up to $5,000 pre-tax may be set for dependent care expenses.

FSA Enrollment Form (PDF)

Deferred Compensation

  • 457 Plan (PDF) - It is a plan that allows employees to invest in their retirement while Federal and state income taxes are deferred until the employee is ready to withdraw the funds.
  • OBRA (PDF) - This plan is designed specifically for employees who are part-time, temporary or seasonal and therefore are not covered under the Town's retirement or MTRS system. This plan was adopted as an alternative to the Social Security System.
  • 403(b)Plan (PDF) - A 403(b) plan is a retirement account for certain employees of public schools.

Employee Assistance Program (EAP)

MIIA offers this as a free service provided for you and your household members by the Town of Reading. This program offers confidential counseling, free legal and financial consultation, referrals to resources such as child/elder care, parent support, amongst others. These services are completely confidential and can be easily accessed 24/7.