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<br /> <br />RESOLUTION NO. 8386 <br /> <br />CITY OF MOUNDS VIEW <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br /> <br />A RESOLUTION APPROVING THE NON-UNION <br />RETIREMENT HEALTH SAVINGS PLAN <br /> <br /> <br /> WHEREAS, due to new hires in the non-union group, revisions were made to the <br />Retirement Health Savings Plan to meet the needs of non-union employees; and <br /> <br /> WHEREAS, the Retirement Health Savings Plan was developed and reviewed by <br />non-union employees. <br /> <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 /> <br /> <br />POLICY: RETIREMENT HEALTH SAVINGS PLAN SECTION: 3.45 <br /> <br /> <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 /> <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 /> <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 /> <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 /> <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 /> <br /> <br />