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12-16-19-SR
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12-16-19-SR
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ARTICLE XXIX — CENTRAL PENSION FUND <br />The EMPLOYER and the UNION agree that an amount designated herein that would otherwise <br />be paid in salary or wages will be contributed instead to the Central Pension Fund (CPF) as <br />pretax employer contributions. A pension contribution of ninety-six cents ($0.96) per hour will be <br />made for each employee, for a maximum of two thousand eighty hours (2080) per calendar year. <br />The hourly contribution rate will be applied to every hour compensated (i.e. Hours worked, PTO, <br />and holidays) except for overtime hours worked. The EMPLOYER shall deduct seventy-six <br />dollars and eighty cents ($76.80) every eight (80) hour pay period. <br />The EMPLOYER shall pay this contribution directly to the IUOE Central Pension Fund. The <br />UNION agrees to indemnify and hold the EMPLOYER, its Officers, Agents, and employees <br />harmless against any claims, suits, orders or judgments, brought against the EMPLOYER as a <br />result of any action taken or not taken by the EMPLOYER on the specific provisions of this Article. <br />This "hold harmless" clause does not hold the EMPLOYER harmless for failing to transfer the <br />agreed contributions to the IUOE Central Pension Fund. <br />It is agreed that for purposes of determining future wage rates, the EMPLOYER shall first restore <br />the amount of the wage reduction, which is currently the CPF contribution rate of $0.96 per hour, <br />then apply the applicable wage multiplier, then reduce the revised wage by the CPF contribution <br />rate. It is further agreed that for purposes of calculating overtime compensation the EMPLOYER <br />shall first restore the amount of the wage reduction ($0.96/ hr.) then apply the applicable 1.5 or <br />2.0 wage multiplier required under the Fair Labor Standards Act and the collective bargaining <br />agreement, then pay the resulting amount for overtime worked. <br />The contribution of $0.96 per hour prevents an employee's annual CPF contributions from <br />exceeding $2,000.00 in a year and therefore complies with limitations set forth under Minnesota <br />Statute § 356.24, sub. 1(9) as amended in 2002. The CPF Plan of Benefits and the Agreement <br />and Declaration of Trust will serve as the governing documents. The CPF is a supplemental <br />Pension Fund authorized by Minnesota Statutes, 356.24, subdivision 1(9). <br />ARTICLE XXX — POST EMPLOYMENT HEALTH CARE SAVINGS PLAN <br />30.1 The City of Arden Hills Local 49ers employees are eligible to participate in the Minnesota <br />Post Employment Health Care Savings Plan (HCSP) established under Minnesota Statutes, <br />section 352.98 (Minn. Supp. 2001) and as outlined in the Minnesota State Retirement <br />System's Trust and Plan Documents. <br />30.2 All funds collected by the EMPLOYER (City of Arden Hills) on the behalf of the employee <br />(Public Works Local 49ers) will be deposited into the employee's Post Employment Health <br />Care Savings Plan Account through Minnesota State Retirement System. <br />30.3 All employees with 0 years to 5 years of service shall contribute 2% of pay. All <br />employees with 5 or more years of service shall contribute 4% of pay. <br />30.4 The EMPLOYER has agreed to contribute payroll deductions to the Post Employment <br />Health Care Savings Plan (HCSP) with Minnesota State Retirement Systems as <br />described below: <br />A. All City of Arden Hills Public Works Local 49ers employees who are eligible for the <br />unused sick leave severance payout, outlined in Article XXVII section 27.1 of the <br />contract, will contribute to the Post Employment Health Care Savings Plan as <br />described below: <br /> 13
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