Laserfiche WebLink
City of Arden Hills Personnel Policy Effective February 29.20136 <br />POST EMPLOYMENT HEALTH CARE SAVINGS PLAN Formatted:Font:Not Bold <br />All regular fully time and regular part--time employees are eligible to participate in the Formatted:Font:Not Bold <br />Minnesota Post Employment Health Savings Plan (HCSP) established under Minnesota Formatted:Font:Not Bold <br />Statutes,section 352.98(Minn. Supp.2001) and as outlined in Minnesota State Retirement <br />System's Trust and Plan Documents. <br />All funds collected by the City on behalf of the employee will be deposited into the <br />employee's Post Employment Health Care Savings Plan Account through Minnesota State <br />Retirement System. <br />Formatted:Font:Not Bold <br />The City has agreed to contribute payroll deductions to the Post Employment Health Care <br />Savings Plan(HCSP)with Minnesota State Retirement Systems as described below: <br />A All upper management employees(Director Level and above)have agreed <br />to contribute an ongoing percent of pay of 2%to HCSP. <br />Formatted:Indent:Left: 1.08", No bullets or numbering <br />A-.B. All City employees who are eligible for the unused sick leave severance Formatted:Font:Not Bold <br />payout(Bank),will contribute to the Post Employment Health Care Savings <br />Plan as described below: <br />All employees who have an eligible sick leaveank balance upon Forma:Forit:Not Bold <br />separation shall have 100%of those funds converted into cash,and the <br />dollars shall be deposited into their Post-Employment Health Care <br />Savings account(HCSP) on their final check. <br />B-.C. All City employees who are eligible for the unused Personal Time Off <br />PTO),Flex Time,or Compensatory Time severance payout,outlined in the <br />Personal Time Off, Exempt Employee Guidelines, and Compensation <br />sections of this policy,will contribute to the Post Employment Health Care <br />Savings Plan as described below: <br />All employees who have an eligible PT Personal Time OFF <br />TO leave balance upon leaving the City shall have 100% of those Formatted:Font:Not Bold <br />hours converted into cash and deposited into their Post-Employment <br />Health Savings Account(HCSP)on their final check. <br />All employees who have an eligible Flex Time or Comp Time leave <br />balance upon leaving the City shallhave 100%of those hours converted <br />into cash and deposited into their Post-Employment Health Savings <br />Account(HCSP) on their final check. <br />32