HomeMy WebLinkAboutResolution No. 2009-078 Amending the Health Care Savings Plan Policy Adopted March 18, 2003 'FA, RESOLUTION NO. 2008-78
SN �
w9��1 � AMENDING THE HEALTH CARE SAVINGS
o� a `' '' PLAN POLICY ADOPTED MARCH 18, 2003
O
i�,Y 1ieii p{t
City of Edina
BE IT RESOLVED that the Edina City Council hereby adopts the following amended Policy for a
Health Care Savings Plan for the Department Head Group:
Statement of Purpose:
The Health Care Savings Plan (HCSP) is a program that allows City of Edina regular fulltime
employees to set aside their severance benefit into an account to pay medical expenses and/or
health insurance premiums after they are no longer employed by the City. Employees can
choose between investment options provided by the plan administrator. Assets in the account
accumulate tax-free and, since payouts are used for qualified medical expenses, they remain tax-
free. This Policy amends the Policy for payment of unused sick leave adopted September 7,
1999.
Program:
Severance payments upon termination of employment will be used to fund the HCSP.
• Employees with less than five years of service do not participate in the HCSP.
• For all employees with more than five years of service participation in the HCSP is
mandatory.
• Employees eligible to receive a severance payment for unused sick leave at termination of
employment must contribute the entire sick leave portion of their severance to the HCSP
• account up to a maximum of 960 hours.
• Employees eligible to receive a severance payment for unused vacation at termination
must contribute the entire amount to the HCSP account.
• Employees eligible to receive six weeks severance pay at termination instead of payment
for sick leave must contribute the entire six weeks severance payment to their HCSP
account.
Eligibility:
• City Manager
• Assistant City Manager
• Police Chief
• City Assessor
• Chief Building Official
• Communications and Marketing Director
• Director of Public Works/City Engineer
• Finance Director
• Sanitarian
• Director of Park and Recreation
• Planning Director
ADOPTED this 1 st day of September 2009.
• Attest: --
Debra A. Mangen, City4CekJames B. Hovland, Mayor
City Hall 952-927-8861
4801 WEST 50TH STREET FAX 952-826-0390
EDINA,MINNESOTA,55424-1394 www.cityofedina.com TTY 952-826-0379
RESOLUTION NO. 2008-78
Page Two
w
STATE OF MINNESOTA )
COUNTY OF HENNEPIN)SS
CITY OF EDINA )
CERTIFICATE OF CITY CLERK
I, the undersigned duly appointed and acting City Clerk for the City of Edina do hereby certify that the
attached and foregoing Resolution was duly adopted by the Edina City Council at its Regular Meeting of
September 1, 2009, and as recorded in the Minutes of said Regular Meeting.
WITNESS my hand and seal of said City this day of 20_
City Clerk