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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. Eligible severance <br />pay will be applied processed per the applicable PEHCSP agreement, as provided in Policy 4.8. <br />Replace above with... <br />Qualifying employees who resign "in good standing" shall receive a lump sum payment upon <br />terminationof employment with the City of Ramsey based on thirty <br />employee's unused, accumulated sick leave after five (5) years of continuous employment. After <br />ten (10) years of continuous employment, the employee will instead receive thirty five (45) percent <br />of said employee's unused, accumulated sick leave. After fifteen (15) years of continuous <br />employment, the employee will instead receive fifty (50) percent of unused accumulated sick <br />leave. Eligible severance pay will be applied per the applicable PEHCSP agreement as provided in <br />Policy 4.8. <br />After five (5) years of continuous employment, EMPLOYEES who submit a letter of resignation at <br />least three (3) months (90 calendar days) in advance of their last day worked, shall receive an <br />additional ten percent (10%) added to the applicable years of service tier, to be deposited into the <br />employee's; Health Care Savings Plan <br />Receipt of severance pay terminates all seniority rights and ends all eityCity of Ramsey liability <br />with regard to other benefits, except as otherwise provided by law and any applicable collective <br />bargaining agreement. <br />Commented [CL6]: This section to be discussed with the City <br />Council. <br />