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5.3. ERMUSR 11-17-2009
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5.3. ERMUSR 11-17-2009
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12/17/2009 10:00:28 AM
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11/18/2009 2:41:35 PM
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City Government
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ERMUSR
date
11/17/2009
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the employee will be deposited into the employee's post employment health care savings <br />plan account. Participation is outlined below: <br />1) Employees have agreed to contribute 1 % of gross wages to the Post <br />Employment Health Care Savings Plan. These funds will be deposited after <br />each pay period. <br />2) Employees who have accrued over 960 hours of sick time will have SO% 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, upon resignation, termination, or retirement, will have SO% of <br />unused sick leave, up to a maximum of 100 days, converted into cash and <br />deposited into their post employment health care savings account. <br />
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