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RESOLUTION NO. 10179 <br />CITY OF MOUNDS VIEW <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br /> <br />RESOLUTION APPROVING RETIREMENT HEALTH SAVINGS PLAN REVISIONS <br /> <br /> WHEREAS, the Retirement Health Savings Plan was developed by non-union <br />employees; and, <br /> <br /> WHEREAS, non-union staff met to revisit the Retirement Health Savings Plan <br />Policy and consider possible changes for the upcoming three years. <br /> <br /> NOW, THEREFORE, BE IT RESOLVED, that the Mounds View City Council <br />approves revisions to Section 2.11 of the Mounds View Personnel Manual as follows: <br /> <br />The City of Mounds View provides its employees with a Retirement Health Savings Plan <br />(RHSP) pursuant to Internal Revenue Code regulations through a third-party <br />administrator selected by the City: <br /> <br />Section 2.11 Retirement Health Savings Plan <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. Participation is mandatory and deductions begin on employees’ first payroll. <br /> <br />For purposes of Item A and D, eligible sick leave hours shall be capped at 960 hours. For <br />each year 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 65 <br />Group B 66 to 74 <br />Group C 75 and above