4.7 SR 12-18-2023 - Laserfiche WebLink

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■ The em�lo�-ee must earn sick lea�Te �er the Sick Leat-e �olic�- belo�v: �u�d ■ The employee must leave in good standing, not terminated by the city; and ■ S/he must provide proper notice of resignation as stated above with city administrator discretion; and ■ S/he must execute a release of claims. Payment shall be based on the consecutive years of leave-eligible service completed by the employee and his/her accrued sick leave balance. Pa��ment shall be at the rate of pa�� when the resignation is submitted. For Emplo�-ees hired before August 8, 2023, and completing two (2) years of consecutive service, the severance payment is calculated at fift�� percent (50%) of the accumulated sick leave balance up to a ma�mum paid of four hundred eighty (480) hours. Employees hired August 8, 2023, or later, and completing five (5) years of consecutive service, will receive a payout as outlined below: 5-9 consecuti�re years of service 40% of up to 960 hours 10 or more consecutive �-ears of service 50% of up to 960 hours An employee retiring with PERA benefits after completing fifteen (15) years of consecutive service with the Cit�� of Elk River will receive payout as out]ined below. Payout above 50% will be made in accordance with the Release of Claims Agreement or following confirmation of PERA Retirement, whichever is later. 15-19 consecutive years of service 60% of up to 960 hours 20-24 consecutive years of senrice 65% of up to 960 hours 25-29 consecutive �rears of service 70% of up to 960 hours 30-32 consecuti�re ��ears of ser�rice 75% of up to 960 hours 33 or more consecutive 5-ears of ser�rice 80% of up to 960 hours Accumulated �lea�re in excess of nine hundred sixt�� (960) hours is not eligible for a severance payment Sick leave shall continue to accumulate in excess of nine hundred sixty (960) hours to be used in accordance with the Family Medical Leave Act. Due to unforeseen circumstances and in his/her sole discretion, the city administrator may grant exceptions to nrovide �artial �aeout �rior to fit-e �1 �-ears of ser�Tice. .- . a: �� Exit Interviews Human Resources shall conduct a brief interview with each employee separating from city employment. The interview seeks to identify employee morale trends triggered by policy concerns, management/communication gaps, workload levels, and the general workplace environment. Page 15�66