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.
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 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 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 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.
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 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. 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 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. Effective January 1, 2007, any compensation due on January 31 of each year to the LELS Sergeant from the banked holiday and compensatory time accounts shall be deposited at 100% into an account in the State of Minnesota’s Health Care Savings Plan as administered by the Minnesota State Retirement System, to be used following separation of City service. All active members from date of appointment to Sergeant shall also contribute 1% of their gross wages each pay period. Any severance due the employee from banked sick dollars, unused sick leave, or current year’s accrued unused sick leave 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 (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
