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24 <br />Resources Department. <br /> <br />Section 2.10 Retirement Health Savings Plan <br /> <br />The City provides its employees with a Retirement Health Savings Plan (RHSP) pursuant <br />to Internal Revenue Code regulations through a third party administrator selected by the <br />City. <br /> <br />For purposes of Item A and D, eligible sick leave hours shall be capped. For each year <br />beyond 10 an additional 20 hours will be added to the cap. <br /> <br />The following contributions are required to the Retirement Health Savings Plan: <br /> <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 /> <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 1: <br /> <br />Group Designation Age + Years of Service <br />Group A Up to 57 <br />Group B 58 to 74 <br />Group C 75 and above <br /> <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 />shall contribute fifty percent (50%) of accrued vacation compensation to the <br />RHSP. <br /> <br />2. Employees in Group B shall contribute 5% 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 />shall contribute one hundred percent (100%) of accrued vacation <br />compensation to the RHSP. <br /> <br />3. Employees in Group C 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