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Post Employment Health Care Savings Plan <br />Upon retirement, Department Directors and City Administrator shall contribute 100% of their <br />Severance Pay, as paid according to policy, to their Post Employment Health Care Savings Plan <br />unless the Employee has opted out of the program which is approved due to a qualified exemption <br />rule: this provision is irrevocable as set forth by law. Should an Employee choose this opt-out <br />provision, it will be paid to the Employee as severance. <br />Upon the death of an Employee, contributions can no longer be made to the HCSP. Any payments <br />owed but not yet paid into the HCSP will be paid out as regular income in accordance with state and <br />federal law. <br />Page 83 of 254