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MouNDs VIEw City of Mounds View Staff Report Item No: 8.G. Meeting Date: November 28, 2022 Type of Business: Council Business Administrator Review To: Honorable Mayor and City Council From: Rayla Sue Ewald, Human Resource Director Item Title/Subject: Resolution 9661, Approving Retirement Health Savings Plan Policy Revisions Introduction: The City of Mounds View provides its employees with a Retirement Health Savings Plan (RHSP) pursuant to Internal Revenue code regulations through a third party administrator. Every three years when labor negotiations occur, non -union staff gathers to revisit the Retirement Health Savings Plan Policy and consider possible changes for the upcoming years. Exempt employees who have two (2) or more years of service and leave City employment in good standing are requesting to contribute 100% of their accrued vacation compensation into the RHSP. Discussion: Attached is the non -union Retirement Health Savings Plan with revised Section 2.11 of the Mounds View Personnel Manual. These revisions were requested by employees in the non -union group. Add the following: D: Exempt employees who have two (2) or more years of service and leave City employment in good standing shall contribute 100% of accrued vacation compensation to the RHSP. El : Change word Severance to Separation. Strategic Plan Strategy/Goal: This addresses your goal to update personnel policies to provide competitive benefits and employee retention. Financial Impact: None, contributions are made from the employees' pre-tax payroll. Recommendation: Staff recommends approval of Resolution 9661, Approving Retirement Health Savings Plan Policy Revisions. Respectfully submitted, Rayla Sue Ewald Human Resource Director Attachment(s): 1) Resolution NO. 9661 Approving Retirement Health Savings Plan Policy Revisions