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ARTICLE XX—POSTEMPI.-OYMENT HEALTH CARE.......SA.....VINGS...........PLAN <br /> 34,1 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 352,95 (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 /> 30A 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 27,11 of the <br /> contract, will contribute to the Post Employment Health Care Savings Plan as <br /> described below: <br /> All employees who have an eligible sick leave balance upon separation shall <br /> have 100% of those eligible hours converted into cash, and the dollars shall <br /> be deposited into their Post-Employment Health Care Savings Account <br /> (HCSP)on their final check. <br /> B. All City of Arden Hills Public works Local 49ers employees who are eligible for <br /> the unused Personal Time Off(PTO) severance payout, outlined in Article XXI <br /> section 21 1 of the contract will contribute to the Post Employment Health Care <br /> Savings Plan as described below; <br /> All employees who have an eligible vacation(PTO)leave balance upon leaving <br /> the City of Arden Hills shall have 100%of those hours converted into cash and <br /> deposited into their Post-Employment Health Care Savings Account (HCSP) <br /> on their final check. <br /> C, In the evens of the employees death, any payments owed to this employee by the <br /> City of Arden Hills, may not be contributed into the Post-Employment Health Care <br /> Savings ACCOUnt(HCSP). Upon death of the employee, all payments owed to this <br /> employee will be paid to the employees beneficiaries. <br /> 14 <br />