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behalf of the employee will be deposite <br />Care Savings Plan account.General participation rules are outlined below, for a complete <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 contribute <br />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 years 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 tocash 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 />4.Employees who retire immediately eligible to claim their pensionand who <br />give the Utilities proper notice (generally at least two-weeks) shall have <br />100% of unused vacation time converted into cash and deposited into their <br />Post Employment Health Care Savings account, but only on the condition <br />thatthey sign and do not rescind an agreement releasing claims arising out of <br />their employment, in a form prescribed by the Utilities. <br />42 <br />April 2021 <br />117 <br />