Company Profile
City of Mountlake Terrace
Company Overview
Just 14 miles north of downtown Seattle along the I-5 corridor, this wonderful community with big mountain views is known for parks, trails, and first-class schools. Within its four square miles, the City boasts 262 acres of recreational attractions, including parks, play fields, golf courses, year-round swimming, sports pavilion, and public open space. A beach and dock at Lake Ballinger allows fishing, quiet boating, and waterfront play.
A lively Town Center is planned as the Council adopted a Town Center Plan in early 2007. In Mountlake Terrace, you will find theaters, shops, restaurants, offices, clinics, a library, and a variety of housing options. Community Transit and Metro both provide bus service linking the City to most area destinations. With so many local amenities and easy access to those in the surrounding area, Mountlake Terrace continues to increase in value and attraction in the Puget Sound region.
Quick Facts
Incorporated November 29, 1954
Population 20,090 (2012 estimate from State OFM)
Snohomish County
Council-Manager Form of Government
Edmonds School District
Median Annual Income $53,400 (2002)
Number of Households 7,982
Number of Jobs 6,487
Largest Employer, Premera Blue Cross (2,400 Employees)
Nine City-Owned Parks
Recreation Sports Pavilion with Indoor Pool
Olympic-Size Ice Arena
Benefits
This position is represented by the Mountlake Terrace Police Guild, with benefits reflected in a collective bargaining agreement that is subject to negotiations and change over time. From your first day of employment you will be eligible for the benefits offered to regular City of Mountlake Terrace employees. This includes the following:
•96 hours of annual paid vacation
•96 hours of annual sick leave accrual
•Eleven (11) paid holidays per year, including one personal or “floating holiday”
•Employer-paid medical, dental, vision, group life insurance (three times annual salary) and long-term disability insurance. The City currently (2012) pays 90% of any insurance premium for your dependants.
•Participation in the State of Washington LEOFF 2 retirement system
•The opportunity to participate in a Section 125 “Flex” plan
•The opportunity to participate in two Section 457 Deferred Compensation programs
The City does not participate in Social Security. Instead, you will be enrolled in the Municipal Employees Benefit Trust (MEBT) program. MEBT is an IRC Section 401(a) defined contribution savings program into which you will make before-tax contributions at the same rate as if you were in Social Security (a rate of 6.2% of your gross earnings). The City will match your contribution at a rate of 80% (or 4.96% of your gross salary) just as if you were enrolled in Social Security. One advantage of this program is that you are able to invest these funds in a variety of investments which offer a higher return that Social Security. On the other hand, the MEBT program is subject to an employee-vesting schedule of 20% per year for each of the first five years of your employment.