Res. #24-006 - Adopting a Revised Personnel Policy

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HEALTH CARE SAVINGS PLAN All unrepresented City of Centerville employees (exempt and non-exempt) are eligible to participate in the Minnesota Post Employment Health Care Savings Plan (HCSP). This plan is established under Minnesota Statutes, Section 352.98 (Minn. Supp. 2001) and as outlined in the Minnesota State Retirement System's Trust and Plan Documents. All funds collected by the employer on behalf of the employee will be deposited into the employee's post -employment health care savings plan account. Employees will contribute to the Post Employment Health Care Savings Plan as described below: All employees with at least five years of service in the Public Employees Retirement Association (PERA) shall contribute the dollar value of the amount of Paid Time Off (PTO/ESST) balance at the end of each calendar year that exceeds the maximum allowed carryover of PTO/ESST hours. Hours in excess of the maximum carryover at the end of each calendar year, up to a maximum of twenty-four (24) hours shall be paid into the employee's HCSP at the hourly rate in effect on December 31 of the year. Payments shall be made to the employee's HCSP 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. All employees with at least three years of service in the Public Employees Retirement Association (PERA) shall contribute the percentage of their severance (unused PTO/ESST/Comp time balance) that exceeds 8 hours into the HCSP upon termination or retirement. See schedule below. Health Care Savings Plan Method of allowing employee choice for contributions Hours of severance % Contribution to HCSP 672 664.01 100% 664 656.01 75% 656 648.01 50% 648 640.01 25% 640 632.01 0% 632 624.01 100% 624 616.01 75% 616 608.01 50% 608 600.01 25% 600 592.01 0% 592 584.01 100% Page 47 of 60