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City of Arden Hills Personnel Policy Effective August 26, 2003 POST EMPLOYMENT HEALTH CARE SAVINGS PLAN (Adopted 10/28/13) All regular full time and regular part time employees are eligibl Minnesota Post Employment Health Savings Plan (HCSP) established under Minnesota Statutes, section 352.98 (Minn. Supp. 2001) and as out State Retirement All funds collected by the City on behalf of the employee will b employee State Retirement System. THIS SECTION IS LEFT OPEN SO WE CAN SURVEY THE EMPLOYEES TO SEE IF THEY WANT TO MAKE VOLUNTARY CONTRIBUTIONS TO THIS PLAN AS IT IS AN ALL OR NOTHING WITH CLASSES OF EMPLOYEES Sample language from the union contract is: All employees with 0 years to 14 years of service shall contribute 2% of pay. All employees with 15 or more years of service shall contribute WE WILL FILL IN HERE WHAT THE EMPLOYEES ELECTED TO DO AND BRING FORWARD TO COUNCIL IN THE FINAL DRAFT. The City has agreed to contribute payroll deductions to the Post Employment Health Care Savings Plan (HCSP) with Minnesota State Retirement Systems below: A.All City employees who are eligible for the unused sick leave severance payout (Bank), will contribute to the Post Employment Health Care Savings Plan as described below: All employees who have an eligible sick leave balance upon separation shall have 100% of those funds converted into cash, a the dollars shall be deposited into their Post-Employment Health Care Savings Account (HCSP) oon their final check. B.All City employees who are eligible for the unused Personal Time Off (PTO) severance payout, outlined in the Personal Time Off se of this policy, will contribute to the Post Employment Health Ca Savings Plan as described below: All employees who have an eligible vaction (PTO) leave balnce upon leaving the City shall have 100% of those hours converted into cash and deposited into their Post-Employment Health Savings Account (HCSP) on their final check. 22