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employee's unused, accumulated sick leave after five (5) years of continuous employment. After <br />fifteen (15) years of continuous employment, the employee will instead receive thirty-five (35) <br />percent of said employee's unused, accumulated sick leave. After twenty (20) years of continuous <br />employment, the employee will instead receive thirty-seven (37) percent of unused accumulated <br />sick leave. After twenty-five (25) years of continuous employment, the employee will instead <br />receive forty (40) percent of said employee's unused, accumulated sick leave Eli ible severance, <br />pay will be applied per the applicable PEHCSP agreementis provided in Policy 4.$. <br />Receipt of severance pay terminates all seniority rights and ends all city of Ramsey liability with <br />regard to other benefits, except as otherwise provided by law and any applicable collective <br />bargaining agreement <br />251Page <br />Deleted: <br />Deleted: This severance <br />Deleted: paid into employees' PEHCSP as <br />1 <br />1 <br />1 <br />rDeleted: and subject to applicable post -employment healthcare <br />savings plan rules <br />'Deleted: ¶ <br />Non -union severance pay is subject to the post -employment <br />healthcare savings plan rules. <br />