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the pension is portable among public employers throughout the state. Being vested allows <br />employees to qualify .for benefits at the minimum allowable age. <br />Both the City and the employee typically contribute In normal situations, employees and <br />employers both contribute a percentage of the employee's eligible gross salary to PERA. <br />However, Minnesota law provides that some income received by an employee are not eligible for <br />PERA contributions.— For specific questions on contributions, employees should contact Human <br />ResourcesHuman Resources with specific <br />The GityCity offers PERA's Phased Retirement Option on a case -by -case basis, subject to-afef <br />approval by the Administrative Services DireclorHR Manager, Department Headz and the City <br />Administrator, if it aligns with as deemed beneficial to the Gi-tyCity s <br />strategic goalsplan — This agreement can be terminated at any time. Employees interested in this <br />option should contacts Human ResourcesHuman 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 a <br />457 savings plans; pre-tax and/or post tax programs. For information. contact Please Liontact <br />Human ResourcesHuman Resources on annual contribution amounts limits <br />and for any other specific information details about these plans, please contact Human <br />ResourcesHuman Resources. <br />t5 <br />Employees must be enrolled in one covered 'ay^Hof the ei4yCity's qualified high -deductible <br />health plans (HDHP) in order to contribute to a Health Savings Account (HSA). Both <br />employees and the City may contribute to theAn HSA.and cityCity contributions. An HSA is a tax-exempt savings <br />vehicleaccount used to accumulate funds money for eligible health care expenses. These <br />fundsHSAs may be used to pay for health care expenses as they occur, contingent upon available <br />funds, or the funds may remain in the account until needed later in lifesaved for future use. For <br />additional details, Employees can establish flexible spending accounts and have pre tax deductions <br />made from their payroll checks to pay for eligible childcare and eligible medical expenses. The <br />law limits the maximum contributions that employees can make to their flexible spending account <br />and the specific expenses that can be paid out of such accounts. employees should contact <br />Human ResourcesHuman Resources. for additional details. <br />.. <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 the PER age <br />and service requirements for PERA. —Unless otherwise required by federal or state law, Fformer <br />employees are responsible for paying the fullentire premium. Failure to pay the premiumdo so <br />will result in termination of coverage. Employees should contact Human ResourcesHuman <br />Resources for additional details. <br />3OPage <br />