Post Employment Health Care Savings Plan. 30.1 The City of Arden Hills Local 49ers employees are eligible to participate in the Minnesota Post Employment Health Care Savings Plan (HCSP) established under Minnesota Statutes, section 352.98 (Minn. Supp. 2001) and as outlined in the Minnesota State Retirement System's Trust and Plan Documents.
30.2 All funds collected by the EMPLOYER (City of Arden Hills) on the behalf of the employee (Public Works Local 49ers) will be deposited into the employee's Post Employment Health Care Savings Plan Account through Minnesota State Retirement System.
30.3 All employees with 0 years to 5 years of service shall contribute 2% of pay. All employees with 5 or more years of service shall contribute 4% of pay.
30.4 The EMPLOYER has agreed to contribute payroll deductions to the Post Employment Health Care Savings Plan (HCSP) with Minnesota State Retirement Systems as described below:
A. All City of Arden Hills Public Works Local 49ers employees who are eligible for the unused sick leave severance payout, outlined in Article XXVII section 27.1 of the contract, will contribute to the Post Employment Health Care Savings Plan as described below: • All employees who have an eligible sick leave balance upon separation shall have 100% of those eligible hours converted into cash, and the dollars shall be deposited into their Post-Employment Health Care Savings Account (HCSP) on their final check.
B. All City of Arden Hills Public Works Local 49ers employees who are eligible for the unused Personal Time Off (PTO) severance payout, outlined in Article XXI section 21 1 of the contract will contribute to the Post Employment Health Care Savings Plan as described below: • All employees who have an eligible vacation (PTO) leave balance upon leaving the City of Arden Hills shall have 100% of those hours converted into cash and deposited into their Post-Employment Health Care Savings Account (HCSP) on their final check.
C. In the event of the employees death, any payments owed to this employee by the City of Arden Hills, may not be contributed into the Post-Employment Health Care Savings Account (HCSP). Upon death of the employee, all payments owed to this employee will be paid to the employees beneficiaries.
Post Employment Health Care Savings Plan. Employees are eligible to participate in the Minnesota Post Employment Health Care Savings Plan (HCSP) established under Minnesota Statutes, section 352.98 (Minn. Supp. 2001) and as outlined in the Minnesota State Retirement System’s Trust and Plan Documents. All funds collected by the employer on the behalf of the employee will be deposited into the employee’s post-employment health care savings plan. The following arrangement shall apply to all employees within this bargaining unit. Eligible employees may opt out of the plan if eligible under current rules or law: • Employees with 0 years through 9 years of service shall contribute 1% of pay. • Employees with 10 years through 19 years of service shall contribute 2% of pay. • Employees with 20 or more years of service shall contribute 3% of pay. Upon separation from employment, 100% of unused vacation and sick leave exit pay will be contributed to the employee’s HCSP.
Post Employment Health Care Savings Plan. The City will establish a post- employment health care savings plan. Funds designated by the group shall be deposited into an account to be used following separation of City service. These funds shall be withheld pre-tax and invested at the direction of the individual employee, and may be used to pay eligible medical/dental expenses as described by IRS Publication 502. Upon the death of an employee, no funds can be placed in a Health Care Savings Plan. Effective January 1, 2016, all active members of the bargaining unit shall contribute 2% of their gross wages each pay period; any compensation due from accrued compensatory time in excess of forty-eight (48) hours for 56-hour employees and 16 hours for 40-hour employees (20 hours for 40- hour employees regularly scheduled to work 10-hours days) on December 31 of each year of this contract shall be deposited into the fund; any severance due the employee from banked sick dollars, unused sick leave, current year’s accrued unused sick leave, earned vacation payable, longevity, unused personal leave day, and accrued compensatory time shall be deposited at 100% into an account to be used following separation of City service. Upon the death of an employee, no funds can be placed in an HCSP. Any other funds due the employee upon separation will be paid subject to any applicable federal, state, and local taxes. The City will not contribute any monies to the fund.
Post Employment Health Care Savings Plan. The Employer will establish a post employment Health Care Savings Plan (HCSP) for each Employee to administered by the Minnesota State Retirement System (MSRS). Certain funds agreed to by the parties shall be deposited into the HCSP account to be used following separation of service. These funds shall be withheld pre-tax and invested at the direction of the Employee, and may be used to pay eligible medical/dental expenses, as described by IRS Publication 502. Any other funds due the employee upon separation will be paid subject to any applicable federal, state, and local taxes. The Employer will not contribute any monies to the HCSP account. Any severance due the coordinated PERA Employee from the banked sick leave accounts and the 50% of unused sick leave to a maximum of 600 hours shall be deposited at 100% into an account to be used following separation from the Employer’s service. These funds shall be withheld pre-tax and invested at the direction of the individual Employee, and may be used to pay eligible medical/dental expenses as described by IRS Publication 502. Any remaining severance will be paid to the Employee upon separation and subject to all federal, state, and local taxes.
Post Employment Health Care Savings Plan. The County has established and administers a Post- Employment Health Care Savings Account (PEHCSA) program for the Deputy Sheriff-Sergeant employees. Employee contributions of a percentage of their annual salary on a pay period basis to the PEHCSA will be modified in accordance with the following schedule, based on total years of service.
a) 1% total employee contribution for employees with 0 – 5 years of service
Post Employment Health Care Savings Plan. The City will establish a post employment health care savings plan. Funds designated by the group shall be deposited into an account to be used following separation of City service. These funds shall be withheld pre-tax and invested at the direction of the individual employee, and may be used to pay eligible medical/dental expenses as described by IRS Publication 502. Any other funds due the employee upon separation will be paid subject to any applicable federal, state, and local taxes. The City will not contribute any monies to the fund. Any compensation due from accrued compensatory time in excess of forty-eight (48) hours for 56-hour employees and 16 hours for 40-hour employees on December 31 of each year of this contract shall be deposited into the fund at the rate it was earned; any severance due the employee from banked sick dollars, unused sick leave, current year’s accrued unused sick leave, earned vacation payable, longevity or unused personal leave day shall be deposited at 100% into an account to be used following separation of City service. These funds shall be withheld pre-tax and invested at the direction of the individual employee, and may be used to pay eligible medical/dental expenses as described by IRS Publication 502. Any other funds due the employee upon separation will be paid subject to any applicable federal, state, and local taxes.
Post Employment Health Care Savings Plan. The City will establish a post-employment Health Care Savings Plan. Funds designated by the group shall be deposited into an account to be used following separation of City service. These funds shall be withheld pre- tax and invested at the direction of the individual employee, and may be used to pay eligible medical/dental expenses as described by IRS Publication 502. Any other funds due the employee upon separation will be paid subject to any applicable federal, state, and local taxes. The City will not contribute any monies to the fund. During the term of this Agreement, any severance due the coordinated PERA employee from earned vacation payable, longevity or personal leave day shall paid out in cash to the employee, or their beneficiary, following separation of City service. Upon the death of an employee, any money due or not yet paid cannot be received by the Health Care Savings Plan. Any such balances will be paid out to the employee’s beneficiaries or estate.
Post Employment Health Care Savings Plan. The Employer will establish a post employment Health Care Savings Plan (HCSP) for each Employee to administered by the Minnesota State Retirement System (MSRS). Certain funds agreed to by the parties shall be deposited into the HCSP account to be used following separation of service. These funds shall be withheld pre-tax and invested at the direction of the Employee, and may be used to pay eligible medical/dental expenses, as described by IRS Publication 502. Any other funds due the employee upon separation will be paid subject to any applicable federal, state, and local taxes. The Employer will not contribute any monies to the HCSP account.
Post Employment Health Care Savings Plan. The City will establish a post employment health care savings plan. Funds designated by the group shall be deposited into an account to be used following separation of City service. These funds shall be withheld pre-tax and invested at the direction of the individual employee, and may be used to pay eligible medical/dental expenses as described by IRS Publication 502. Any other funds due the employee upon separation will be paid subject to any applicable federal, state, and local taxes. The City will not contribute any monies to the fund. Any severance due the LELS Officer from the banked holiday and compensatory time accounts shall be deposited at 100% into an account in the State of Minnesota’s Health are Savings Plan as administered by the Minnesota State Retirement System, to be used following separation of City service. All active members from date of hire up to 21 years of service shall also contribute 1% of their gross wages each pay period. Members at or beyond 21 years shall contribute 2% of their wages. These funds shall be withheld pre-tax and invested at the direction of the individual employee, and may be used to pay eligible medical/dental expenses as described by IRS Publication 502. Upon the death of an employee, no funds can be placed in an HCSP. Any other funds due the employee upon separation will be paid subject to any applicable federal, state, and local taxes.
Post Employment Health Care Savings Plan. The City will establish a post employment health care savings plan (HCSP). Funds designated by the group shall be deposited into an account to be used following separation of City service. The City will not contribute any monies to the fund. Any compensation due from accrued compensatory time in excess of forty-eight
