Resolution 10177 - 2025/11/24 - Laserfiche WebLink

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ARTICLE_ 27. SEPARATION Upon separation from employment with the EMPLOYER, an EMPLOYEE shall be provided separation compensation of accrued and unused vacation hours and accrued compensatory time. Unused Floating Holidays shall not be considered in the computation of separation compensation. Upon death of an EMPLOYEE, the beneficiary of the EMPLOYEE shall be paid any due separation. Separation benefits will be paid at the EMPLOYEE'S regular rate of pay on the last date as an EMPLOYEE or the following payroll date. ARTICLE 28. RETIREMENT HEALTH SAVINGS PLAN The City of Mounds View offers its employees a Retirement Health Savings Plan (RHSP) pursuant to Internal Revenue Code regulations through a third -party administrator selected by the EMPLOYER. EMPLOYEES shall make the following contributions to the RHSP: 28.1 Upon separation from employment with the EMPLOYER, EMPLOYEES who have completed two (2) years of service and leave in good standing shall contribute fifty percent (50%) of unused sick leave to the RHSP, up to a maximum lifetime contribution of 960 hours. EMPLOYEES with more than 10 years of continuous service shall have an increased maximum contribution such that for every year of completed service beyond 10, the maximum contribution shall be increased by 20 hours. For example, a 15-year employee's maximum lifetime contribution to the plan would be 1,060 hours and a 20-year employee's maximum lifetime contribution would be 1,160 hours, converted at a two -to -one (2 to 1) rate. 28.2 Mandatory contributions to the RHSP will occur every pay period beginning with the EMPLOYEES first payroll deduction. 28.3 EMPLOYEES will contribute a percentage of their annual pay on a pre-tax basis to the RHSP as follows: Class Percentage of salary Under the age of 45 1 % Age 45 or older 2% Deductions will remain at the same percentage during the duration of the contract period. 28.4 Subject to the maximum lifetime contribution as noted in Section 28.1, EMPLOYEES shall annually contribute accumulated sick leave balances in excess of 500 hours to the Plan, converted at a two -to -one (2 to 1) rate. The maximum annual contribution shall be limited to 50 hours (25 hours converted.) The annual contribution shall occur during the second to the last pay period of the year. ARTICLE 29. WAGES. 29.1 The following hourly wage schedule will be in effect for Public Works Maintenance Worker positions for the duration of this AGREEMENT 11