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(ESST) bank. <br />employee —. To receive a severance payout, the <br />following conditions shall be met: <br />• The employee must be a regular full-time or regular part-time employeee,msiel�e <br />per the Sick Leave policy belew; and <br />• The employee must leave in good standing, not terminated by the city; and <br />• S/he must provide proper notice of resignation as stated above with city <br />administrator discretion.); and <br />• S/he must execute a release of claims. <br />Payment shall be based on the consecutive years of leave -eligible service completed by the <br />employee with the City of River and his/her accrued sick/ESST leave balance. Payment shall <br />be at the rate of pay when the resignation is submitted. <br />For Employees hired before August 8, 2023, and completing two (2) years of consecutive <br />service, the severance payment is calculated at fifty percent (50%) of the accumulated <br />sick/ESST leave balance up to a maximum paid of four hundred eighty (480) hours. <br />Employees hired August 8, 2023, or later, and completing five (5) years of consecutive <br />service, will receive a payout as outlined below: <br />5-9 consecutive years of service 40% of up to 960 hours <br />10 or more consecutive years of service 50% of up to 960 hours <br />An employee eligible for Severance Pay as noted above and eligible for PERA benefits will <br />receive payout as outlined below. <br />15-19 consecutive years of service 60% of up to 960 hours <br />20-24 consecutive years of service 65% of up to 960 hours <br />25-29 consecutive years of service 70% of up to 960 hours <br />30-32 consecutive years of service 75% of up to 960 hours <br />33 or more consecutive years of service 80% of up to 960 hours <br />Accumulated leave on eXEess ofmore than nine hundred sixty (960) hours is not eligible for <br />a severance payment. SiEk leave shall ntinue to aEEumulate on excess of none hundred <br />sixty (960) hours te be used on accordance with the Family MediEal Leave Act. <br />Due to unforeseen circumstances and in his/her sole discretion, the city administrator may <br />grant exceptions to provide partial payout prior to five (5) years of service. <br />Exit Interviews <br />Human Resources shall conduct a brief interview with each employee separating from city <br />employment. The interview seeks to identify employee morale trends triggered by policy <br />concerns, management/communication gaps, workload levels, and the general workplace <br />Page 18187 <br />Page 85 of 447 <br />