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RESOLUTION NO. 9120 <br />CITY OF MOUNDS VIEW <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br />RESOLUTION APPROVING RETIREMENT HEALTH SAVINGS PLAN REVISIONS <br />WHEREAS, the Retirement Health Savings Plan was developed by non-union <br />employees; and, <br />WHEREAS, non-union staff met to revisit the Retirement Health Savings Plan <br />Policy and consider possible changes for the upcoming three years. <br />NOW, THEREFORE, BE IT RESOLVED, that the Mounds View City Council <br />approves revisions to Section 3.45 of the Mounds View Personnel Manual as follows: <br />The City of Mounds View provides its employees with a Retirement Health Savings Plan <br />(RHSP) pursuantto Internal Revenue Code regulations through a third party administrator <br />selected by the City. <br />POLICY: RETIREMENT HEALTH SAVINGS PLAN SECTION: 3.45 <br />For purposes of Item A and D, eligible sick leave hours shall be capped. For each year <br />of service up to 10 years, 96 hours will be added to the cap. For each year beyond 10 an <br />additional 20 hours will be added to the cap. <br />The following contributions are required to the Retirement Health Savings Plan: <br />A. Employees who have a sick leave balance of 600 or more hours shall contribute <br />their excess balance to the RHSP at a 2 to 1 ratio with a maximum annual <br />contribution of 160 hours (80 hours converted) or that amount which brings the <br />employee's sick leave balance down to 600 hours—whichever is less. The City <br />shall calculate and process the annual employee contribution to the RHSP on the <br />first payroll period of December of each year. At no point however shall an <br />employee's cumulative contributions exceed the employee's maximum eligible <br />hours, as defined above. <br />B. In addition to the provisions listed in Section A, the following table below and terms <br />shall apply to all non-exempt employees and are calculated on January 1st: <br />Group Desi <br />nation <br />A e + Years of Service <br />Group <br />A <br />Up to 57 <br />Gr ou <br />B <br />58 to 74 <br />Group <br />C <br />75 and above <br />1. Employees in Group A shall contribute 1 % of their salary per payroll towards <br />the RHSP and in addition, upon separation, employees in this group who <br />have completed two (2) or more years of service and leave in good standing <br />