Resolution 6509 - Laserfiche WebLink

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e . 5. 6. A. Upon separation from employment with the City, an employee may contribute their compensation for accrued vacation and compensatory time. Employees who have completed two years of service and leave in good standing may also contribute fifty percent (50%) of unused sick leave calculated against a maximum accumulation of 960 hours. Additional bank sick leave hours will not be computed for the contribution. B. An employee may elect to contribute a percentage of their annual pay to the plan on a pre-tax basis. Once this election is made, it can never be changed. C. An employee may elect to make an after-tax contribution of their annual pay to the plan. This election may be changed each year, but is limited to 25% of total contributions to the plan by all employees. D. An employee may annually elect to contribute a portion of their sick leave balance to the plan. The employee would have to maintain a minimum balance of 480 hours of sick leave after the contribution and would be allowed to convert up to 160 hours of sick leave into 80 hours of RHS contribution per year at a 2 to 1 rate. This election may be changed each year. 22.4 An employee will be compensated for accrued vacation and compensatory time upon separation. Article 27 Post Licensure The EMPLOYER will pay $90.00 toward the cost of maintaining POST licensure. Appendix A: Wages Increases effective January 1,2004, January 1,2005 and July 1, 2005 as specified in the chart. NOW, THEREFORE BE IT RESOLVED that the Mounds View City Council does hereby ratify the LELS, Local #232 (Police Sergeants) Contract effective January 1, 2004 and expiring on December 31, 2005. Adopted this 25th day of April, 2005. ~~ Roo' Marty, Mayor 'J 'j Q /U-->b L~ Kurt Ulrich, City Administrator ATTEST: . (seal)