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39. HEALTH CARE SAVINGS PLAN <br /> Utilities' employees participate in the Minnesota Post Employment Health Care Savings <br /> Plan(HCSP)established under Minn. Stat. § 352.98 and as outlined in the Minnesota State <br /> Retirement System's Trust and Plan Documents. All funds collected by the employer on <br /> the behalf of the employee will be deposited into the employee's Post Employment Health <br /> Care Savings Plan account. General participation rules are outlined below, for a complete <br /> guide regarding benefits, use, and eligibility see the plan's documents. <br /> 1. Employees are required to contribute to the Post Employment Health Care <br /> Savings Plan. These funds will be deposited after each pay period. The <br /> contribution shall be based on the following structure: <br /> There will be four groups, concurrent with the pay plan. The four groups are <br /> Office, Field Workers, Line Workers, and Management. All groups shall <br /> participate in contributions as follows: <br /> a. Employees with fewer than 10 years of service are required to <br /> contribute 1%of their gross wages. <br /> b. Employees with fewer than 20 years of service and at least 10 years of <br /> service are required to contribute 2%of their gross wages. <br /> c. Employees with at least 20 yeast of service are required to contribute <br /> 3%of their gross wages. <br /> 2. Employees who have accrued over 960 hours of sick time will have 50% of <br /> those hours converted to cash and deposited in their Post Employment Health <br /> Care Savings account. The conversion will take place once a year at the end <br /> of December. <br /> 3. Employees who voluntarily end their employment and who give the Utilities <br /> proper (generally at least two-weeks) notice, and employees whose <br /> employment ends involuntarily because of lack of work, will have 50% of <br /> unused sick leave, up to a maximum of 120 days, converted into cash and <br /> deposited into their Post Employment Health Care Savings account provided <br /> they sign and do not rescind an agreement releasing claims arising out of their <br /> employment, in a form prescribed by the Utilities. Employees involuntarily <br /> terminated by the Utilities for any reason other than lack of work shall not be <br /> eligible to receive such conversion. No contributions will be accepted by the <br /> Plan on behalf of an employee after the death of the employee. <br /> 31 <br /> August 2011 <br /> November 2015 <br /> 98 <br />