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ARTICLE 23 - SEPARATION PAY <br /> 23.1 Separation Pay <br /> A. Upon separation from employment with the City, employees who separate <br /> will contribute all accrued vacation and compensatory time to the <br /> Retirement Health Savings Plan (RHSP) as provided in 23.2.A. <br /> B. Employees who separate with less than two (2) years of service are not <br /> eligible to be compensated for accrued sick leave. Employees who <br /> separate with two (2) or more years of service willcontribute their eligible <br /> sick leave hours to the Retirement Health Savings Plan (RHSP)as provided <br /> in 23.2.13. <br /> 23.2 Retirement Health Savings Plan <br /> The City of Mounds View offers its employees a Retirement Health Savings Plan <br /> (RHSP) pursuant to Internal Revenue Code regulations through a third-party <br /> administrator selected by the City. Future changes in the Internal Revenue Code <br /> regulations may change the tax status of this plan and the City shall not be liable <br /> for such changes. <br /> Contribution to the RHSP shall occur according to the following provisions: <br /> A. Upon separation from employment with the City, all accrued vacation and <br /> compensatory time will be directed to the employees' Retirement Health <br /> Savings Plan (RHSP). <br /> B. Employees who have completed two (2) or more years of service and leave <br /> in good standing shall direct their eligible sick leave balance to the RHSP. <br /> Eligible sick leave shall be computed based on years of completed service, <br /> less elected annual contributions, computed according to the table in <br /> Appendix B, at a conversion rate of two (2) for one (1). <br /> C Employees will contribute a percentage of their annual pay on a pre-tax <br /> basis to the RHSP as follows: <br /> Class Percentage <br /> of salary <br /> All employees 3% <br /> Employees shall remain in the same class for the duration of this <br /> Agreement. <br /> ARTICLE 24 - HOLIDAYS <br /> 24.1 Employees shall receive the following holidays: New Year's Day, Martin Luther <br /> 13 <br />