2023-12-13 CC Packet - Laserfiche WebLink

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20.2 The EMPLOYER shall make the following contributions to the Cafeteria plan: Year 2024 $1200 per month per employee Year 2025 $1200 per month per employee Year 2026 $1200 per month per employee 20.3 EMPLOYER and the UNION agree that if health insurance premiums increase in any year of this AGREEMENT, Resulting in the aforementioned contributions to the Cafeteria plan not covering all of the required (core) benefits at thesingle coverage rate, plus allowable single Health Savings Account contributions and including “make up” contributions for those over the age of 55, EMPLOYER shall increase the contributions to the Cafeteria plan to pay such expenses. 20.4 Union members shall remain in the City’s sponsored health insurance program for the duration of this AGREEMENT, unless both EMPLOYER and UNION agree on an alternative plan, which does not affect the rates or plan options offered to non- union employees. 20.5 POST EMPLOYMENT HEALTH CARE SAVINGS PLAN: UNION members are eligible to participate in the Minnesota Post Employment Health Care Savings Plan established under Minnesota Statute Section 352.98 (2001) and as outlined by the Minnesota State Retirement System Trust and Plan Documents. All funds collected by the EMPLOYER on behalf of employees will be deposited into the employee’s Post Employment Health Care Savings Plan account. 20.5.1All employees with at least five years of service in the Public Employees Retirement Association shall contribute the dollar value of the amount of Paid Time Off balance at the end of each calendar year that exceeds the maximum allowed carryover of PTO hours. Hours in excess of the maximum carryover at the end of each year, up to a maximum of sixteen hours, shall be paid into the employees Post Employment Health Care st Savings Plan at the hourly rate in effect at December 31of that year. Payments shall be made to the employee’s Post Employment Health Care Savings Plan by the EMPLOYER within 30 days of the close of the calendar year. If the employee dies before the annual lump sum payment is remitted by the EMPLOYER, the payment will be made to the employee’s heirs. ARTICLE XXI – HOLIDAYS 21.1 The EMPLOYER will provide twelve (12) paid holidays.The holidays will be designated as follows: New Year’s Day Veteran’s Day Martin Luther King Day Thanksgiving Day President’s Day Day After Thanksgiving Memorial Day Juneteenth Christmas Day 10