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10 years 75% 25% <br />15 years and greater 100% 0% <br />PERA POLICE & FIRE MEMBERS <br />• GROSS WAGES: Employees shall contribute 2% of gross wages after 1 year of service until reaching the 5th <br />year before being eligible to draw their PERA pension (age 50), at such time, increase the contribution to 6% of <br />gross wages and continue thereafter. Eligibility to draw the PERA pension shall take precedent over the duration <br />of employment. <br />• VACATION SEVERANCE: Employees shall, upon separation of employment, contribute 100% of their <br />unused accrued vacation time. <br />BOTH PERA COORDINATED MEMBERS AND PERA POLICE & FIRE MEMBERS <br />• SICK LEAVE (ESST) CONVERSION: Employees shall, at the end of the calendar year, or upon separation <br />of employment, contribute all hours greater than 960 at a conversion rate of 2 to 1. <br />• SICK LEAVE (ESST) SEVERANCE: Employees shall, upon separation of employment, contribute 100% of <br />unused eligible accrued sick leave. Eligible sick leave is a percentage of the full balance, based on years of <br />service, as follows: <br />Years of Regular <br />Employment Served <br />5 years <br />10 years <br />15 years and greater <br />Percentage of Unused <br />Accumulated Sick <br />Leave Payable <br />33% <br />45% <br />50% <br />Additional 10% With 3 -Month <br />Notice of Resignation <br />43% <br />55% <br />60% <br />Eligible sick leave severance is Earned Sick and Safe Time (ESST) and is defined as a lump -sum payment upon <br />termination of employment, contributed to the PEHCSP. To qualify for eligible ESST severance pay, an employee <br />must leave City employment in good standing. <br />Funding Source: <br />There is no funding required for this action. <br />Recommendation: <br />To approve the an updated non -union post -employment healthcare savings plan, effective March 22, 2025. <br />Outcome/Action: <br />Motion to adopt resolution 25-056 to update the non -union post -employment healthcare savings plan, effective <br />March 22, 2025. <br />Plan Document <br />Current PEHCSP <br />Resolution <br />Inbox <br />Reviewed By <br />Attachments <br />Form Review <br />Date <br />