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<br /> <br />An employee will be eligible for an unreduced retirement benefit from PERA, which <br />requires: <br /> <br />• Age 65 with one year of service, <br />• Age plus years of service credit totaling at least 90, or <br />• A member of the Police and Fire Fund, and at least three years of service at <br />age 55. <br /> <br />An employee is eligible for a reduced benefit from PERA, which requires: <br /> <br />• At least three years of service at age 55, or <br />• 30 or more years of service at any age. <br /> <br />(Service can be all PERA service credit, or combined service with one or more of the <br />other state covered funds.) <br /> <br /> <br /> <br />POLICY: TERMINATION and SEPARATION POLICIES SECTION: 4.35 <br /> <br />A terminating employee is someone who is leaving City employment as a result of discharge, <br />termination, retirement, layoff or death. The following procedures will assist the employee in <br />a smooth transition when leaving the City of Mounds View. <br /> <br />A. CHECK OUT <br />The Supervisor/Department Head should notify Human Resources of the employee’s <br />termination and forward the original letter of resignation to the Human Resources <br />Department. In the event the termination is a discharge or layoff, a copy of the notice <br />to the employee should be forwarded in place of the resignation letter. It is important <br />to notify Finance well in advance of the last day of employment so arrangements may <br />be made to prepare the final paycheck. <br />The last day on the job is the last day the employee works a regularly scheduled shift. <br /> If the employee is eligible to receive vacation and/or compensatory accumulated <br />time, that time will also be paid effective the last day. All outstanding expense reports <br />or monetary advances shall also be resolved. <br /> <br />Employees who wish to continue their health insurance coverage through the City <br />may be able to use their last paycheck to pay for future premiums on a pre-tax basis. <br />See Section 4.10 to determine eligibility and for additional information on Insurance <br />Continuation. <br /> <br />Requests for PERA refund may not be submitted until the day of termination. ICMA <br />withdrawal decisions must be made within 60 days of leaving employment. <br /> <br />B. EXIT INTERVIEW <br />Exit interviews may be conducted by the City Administrator if deemed appropriate.