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RESOLUTION NO. 7913 <br /> CITY OF MOUNDS VIEW <br /> COUNTY OF RAMSEY <br /> STATE OF MINNESOTA <br /> A RESOLUTION APPROVING THE NON-UNION <br /> RETIREMENT HEALTH SAVINGS PLAN <br /> WHEREAS, due to the decertification of the AFSCME Union, previously agreed <br /> plans relating to employee contributions to the Retirement Health Savings Plan need to be <br /> restructured; and <br /> WHEREAS, the Retirement Health Savings Plan was developed and reviewed by <br /> non-union employees. <br /> NOW,THEREFORE BE IT RESOLVED,that the Mounds View City Council revises <br /> Section 3.45 of the Mounds View Personnel Manual as follows: <br /> POLICY: RETIREMENT HEALTH SAVINGS PLAN SECTION: 3.45 <br /> The City of Mounds View offers its employees a Retirement Health Savings Plan (RHSP) <br /> pursuant to Internal Revenue Code regulations through a third party administrator selected <br /> by the City. The following contributions will be allowed to the Retirement Health Savings <br /> Plan: <br /> A. Upon separation from the City, employees who have completed two or more years <br /> of service and leave the City in good standing shall contribute 100% of their eligible <br /> sick leave to their RHSP. Except as noted below, eligible sick leave is limited to 50% <br /> of an employee's sick leave balance, which is capped as follows: <br /> Base cap = 960 hours. The base cap shall be increased by 20 hours <br /> per year for each year employed beyond ten years. For example, a <br /> 15-year employee's cap would be 1060 hours and a twenty-year <br /> employee's cap would be 1160 hours. <br /> Employees with less than two years of service with the City are not eligible to <br /> contribute sick leave hours to the RHSP and have no right to any payout of unused <br /> sick leave hours. <br /> Employees who had completed ten years of service by January 1, 2008, qualify for <br /> enhanced sick leave payout. Upon separation, qualifying employees shall contribute <br /> 100% of their eligible sick leave to their RHSP. The enhanced sick leave payout is <br /> equal to 65% of an employee's sick leave balance. (The enhanced conversion rate <br /> applies ONLY to sick leave hours contributed at separation, subject to the maximum <br /> cap addressed above.) <br /> . .xi.* ..t ki-a N.tn' . N.ea '.a •..Y e..r.•;a f....-.t,a'4V"r-^f .YY S' t ..,.i .l;_ .....aye .. ,.:+.. ..: <br />