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2002-87CITY OF CHANHASSEN CARVER AND HENNEPIN COUNTIES, MINNESOTA DATE: September 23, 2002 RESOLUTION NO: 2002-87 MOTION BY: Labatt SECONDED BY: Avotte A RESOLUTION APPROVING A POST -EMPLOYMENT HEALTH CARE SAVINGS PLAN AND AMENDING THE PERSONNEL POLICY TO REFLECT THE CHANGE WHEREAS, the State of Minnesota has recently allowed cities to create Post -Employment Health Care plans for its employees; and WHEREAS, the City of Chanhassen's employees have discussed creating such a plan and 70.8% voted to create the plan outlined below: NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Chanhassen, Minnesota: 1. That the following Post -Employment Health Care Savings Plan be adopted: Emplovee % of Pav Scale • Employees with 0-10 years of PERA service will contribute .5% of pay. Employees with 11-20 years of PERA service will contribute 1% of pay. Employees with 21-24 years of PERA service will contribute 2% of pay. Employees with 25+ years of PERA service will contribute 5% of pay. Proposed Sick Hour Conversion All employees that have over 600 hours of accumulated sick time will have 1/2 (one-half) of those hours (over 600) converted into cash tax-free, only if it is deposited in their Post Retirement Health Care Savings Account at the end of each calendar year. Proposed Severance/Wellness Pav Outs All eligible employees who have worked for the City for a least 5 years and have accumulated sick time at the time they leave the city's employment will have 1/z (one-half) of those hours converted into cash and deposited into their Post Retirement Health Care Savings Account. Proposed Vacation Hours Conversion All employees that have accumulated vacation hours at the time they leave the city's employment • will have 100% of those hours converted into cash and deposited in their Post Retirement Health Care Savings Account. • 0 FICA Contribution An employee who receives a credit in the Health Care Savings Plan must be paid an additional credit to the Health Care Savings Plan in an amount equal to the FICA taxes that would have been payable to the federal government by the City if the severance pay had been paid to the employee in cash. The contract language will be reviewed within two years. 2. That the City's Personnel Policy be amended to reflect these changes. Passed and adopted by the Chanhassen City Council this 23rd day of September 2002. ATTEST: 4�IZ ZA!q— Todd Gerhardt, City Manager YES Jansen Boyle Ayotte Labatt Linda C. Jansen, Mayo NO ABSENT None Peterson