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meeting the goals of the strategic plan. The agreement can be terminated at any time. Employees <br /> interested in this option should see Human Resources for more information. <br /> 4.4 Employee Savings Plans <br /> All employees eligible to enroll in PERA are also eligible to place a portion of their earnings in <br /> 457 savings plans; pre-tax and/or post tax programs. <br /> Please contact Human Resources regarding maximum annual contribution amounts and for any <br /> other specific information regarding these plans. <br /> 4.5 Flexible Spending Account <br /> Employees can establish flexible spending accounts and have pre-tax deductions made from their <br /> payroll checks to pay for eligible childcare and eligible medical expenses. The law limits the <br /> maximum contributions that employees can make to their flexible spending account and the <br /> specific expenses that can be paid out of such accounts. Employees should contact Human <br /> Resources for additional details. <br /> 4.6 Retiree Benefits <br /> Minnesota law provides for continuation of health and dental coverage to certain former employees <br /> who are receiving a disability benefit or an annuity from PERA, or who have met PERA age and <br /> service requirements. Former employees are responsible for paying the entire premium. Failure <br /> to do so will result in termination of coverage. Employees should contact Human Resources for <br /> additional details. <br /> 4.7 COBRA <br /> Employees participating in the City's group health insurance plan who terminate employment with <br /> the City or experience another event which triggers their legal entitlement to insurance <br /> continuation will receive a notice of their right to elect continued insurance coverage consistent <br /> with state and federal law, including, but not limited to, the Consolidated Budget Omnibus <br /> Reconciliation Act of 1985 ("COBRA") (as amended). The notice will be provided in accordance <br /> with such laws and employees must comply with those laws if they wish to continue coverage after <br /> separating from the City's employment, including, but not limited to, paying the entire premium <br /> for the duration of the continuation coverage. Employees should contact Human Resources for <br /> additional details. <br /> 4.8 Non-union Post-employment Healthcare Savings Plan (PEHCSP) <br /> The PEHCSP is an employer-sponsored program that allows employees to invest in atax-preferred <br /> medical savings account while employed by a Minnesota public employer. <br /> 181Page <br />