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thereafter. Eligibility to draw the PERA pension shall take precedent over the <br />duration of employment. <br />• VACATION SEVERANCE: Employees shall, upon separation of employment, <br />contribute 100% of their unused accrued vacation time. <br />BOTH PERA COORDINATED MEMBERS AND PERA POLICE & FIRE <br />MEMBERS <br />• SICK LEAVE (ESST) CONVERSION: Employees shall, at the end of the <br />calendar year, or upon separation of employment, contribute all hours greater than <br />960 at a conversion rate of 2 to 1. <br />• SICK LEAVE (ESST) SEVERANCE: Employees shall, upon separation of <br />employment, contribute 100% of unused eligible accrued sick leave. Eligible sick <br />leave is a percentage of the full balance, based on years of service, as follows: <br />Years of Regular <br />Employment <br />Served <br />Percentage of Unused <br />Accumulated Sick Leave <br />ESST Payable <br />Additional 10% With <br />3-Month Notice of <br />Resignation <br />5 years <br />33% <br />43% <br />10 years <br />45% <br />55% <br />15 ears and greater <br />50% <br />60% <br />Eligible sick leave severance is Earned Sick and Safe Time (ESST) and is defined as a <br />lump -sum payment upon termination of employment, contributed to the PEHCSP. <br />To qualify for eligible ESST severance pay, an employee must leave City employment in <br />good standing. <br />WHEREAS, there are no fees charged to the employer; all fees, administrative and <br />investment are paid by the participants. <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY <br />OF RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA, as follows: <br />1) Motion to adopt resolution 25-056 to update the non -union post -employment <br />healthcare savings plan (PEHCSP), effective March 22, 2025. <br />The motion for the adoption of the foregoing resolution was duly seconded by Councilmember <br />and upon vote being taken thereon, the following voted in favor thereof: <br />Resolution 25-056 <br />