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City of Arden Hills Personnel Policy'_` Effective February 29, 2016 <br />ri` 1 ILN HILLS Amended December- ' n October 28 2019 <br />BENEFITS <br />Insurance <br />All full time and benefit earning employees shall be required to participate in the <br />Employer's group health, dental, life, and other applicable insurance programs. The <br />Employer shall contribute a monthly sum established annually by the Council. <br />Detailed analysis of the current insurance program shall be included in the annual benefit <br />summary. <br />POST EMPLOYMENT HEALTH CARE SAVINGS PLAN <br />All full-time and benefit earning employees are eligible to participate in the Minnesota Post <br />Employment Health Savings Plan (HCSP) established under Minnesota Statutes, section <br />352.98 (Minn. Supp. 2001) and as outlined in Minnesota State Retirement System's Trust <br />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 />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) shall <br />contribute an ongoing percent of pay of 2% to HCSP. <br />B. All City employees who are eligible for the unused sick leave severance <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 leave (Bank) balance upon <br />separation shall have 100% of those funds converted into cash, and <br />the dollars shall be deposited into their Post -Employment Health Care <br />Savings Account (HCSP) on their final check. <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 />.o <br />