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~/ <br />Elk REQUEST FOR ACTION <br />M <br />River <br />To Item Number <br />City Council <br />Agenda Section Meeting Date 3.8. <br />Prepared by <br />Consent A ri17, 2008 Lori ohnson, Ci Administrator <br />Item Description Reviewed by <br />Severance Pa <br />t <br />i <br />i <br />R <br />li <br />y <br />o <br />ec <br />s <br />on <br />cy <br />Personnel Po <br />Reviewed 6y <br />Action Requested <br />Consider adoption of updated severance pay section of the Elk River personnel policy. <br />Background/Discussion <br />This item is on the agenda to formalize previous Council direction; at the March 10, 2008, woxksession, <br />the CouncIl reviewed the City's severance pay policy and after discussion agreed to increase the severance <br />payout to 50% of the accumulated sick leave not to exceed 480 hours with eligibility beginning after two <br />years of employment. This change does not affect union contracts unless the contract specifies that it <br />folloevs the City's personnel policy and no specific severance pay language is included in the contract. <br />Financial Impact <br />There is no immediate fmancial impact as there is no cost until an employee resigns employment and <br />meets the terms of the severance pay policy. <br />Attachments <br />• Proposed severance pay policy <br />• Cuxxentsevexance pay policy <br />Action b4otion by _ Second by _ Vote <br />Follow Up <br />S:ACouned\LociA2008\Seveiance Pay 04 07 08.doc <br />