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City of Arden Hills Personnel Policy Effective February 29,2016 <br />C.All City employees who are eligible for the unused Personal Time Off(PTO), <br />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 Personal Time OFF (PTO) leave <br />balance upon leaving the City shall have 100% of those hours <br />converted into cash and deposited into their Post-Employment Health <br />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 shall have 100% of those hours <br />converted into cash and deposited into their Post-Employment Health <br />Savings Account (HCSP) on their final check. <br />D. In the event of the employees death, any payments owed to this employee <br />by the City, may not be contributed into the Post-Employment Health Care <br />Savings Account (HCSP). Upon death of the employee, all payments owed <br />to this employee will be paid to the employees beneficiaries. <br />38