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N1OUND1tSVVfE-W City of Mounds View Staff R To: From: Item Title/Subject: Item No: 5.C. Meeting Date: September 11, 2023 Type of Business: Consent Agenda Administrator review: Honorable Mayor and City Council Rayla Sue Ewald, Human Resource Director Resolution 9805, Authorizing Separation Compensation for Finance Director Mark Beer Background Finance Director Mark Beer submitted his retirement notice effective September 14, 2023. Finance Beer has been employed by the City since August 15, 2005. Attached is Resolution 9805, authorizing separation compensation in accordance with the City's Personnel Manual. Discussion According to Section 2.11 Retirement Health Savings Plan (RHSP) of the Personnel Manual, employees who complete two (2) or more years of service and leave the City in good standing shall contribute their eligible sick leave hours, converted at the rate of 50%, to their RHSP. 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. Finance Director Beer has current leave balances of: 466.00 hours vacation and 681.40 hours sick time (50% = 340.70 hours). The following represents separation compensation eligible to Finance Director Beer: Hours Hourly rate Payout Vacation Hours 466.00 $73.28 $34,148.48 Into RHSP 50% Sick Leave 340.70 $73.28 $24,966.50 Into RHSP Estimated Total Separation Compensation: $59,114.98 Strategic Plan Strategy/Goal: Create a culture where employees desire to work. Financial Impact: None, this is a budgeted item. Recommendation Staff recommends approval of Resolution 9805, Authorizing Separation Compensation for Finance Director Mark Beer. Respectfully submitted, Rayla Sue Ewald Human Resource Director Attachment(s): Resolution 9805 The Mounds View Vision A Thriving Desirable Community