Agenda - Council - 01/23/2007 - Laserfiche WebLink

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MEMORANDUM OF UNDERSTANDING LELS Sergeants Post Employment Health Care Savings Plan Purpose The purpose of this program is to help defray some of the costs of post employment health insurance for retirees by using pre-tax dollars. Effective Date Participation in the Post Employment Health Care Savings Plan (PEHCSP) is available to full-time benefit eligible employees who are members of the LELS Sergeants unit and who meet the eligibility requirements described below on their termination date. For the purposes ofthe PEHCSP, "termination date" is the last date an employee performed services for the City, this includes but is not limited to the employee's retirement date. Eligibility Requirements In order to be eligible for the PEHCSP, all of the following requirements must be met at the time of termination of employment: 1. The employee must have been continuously employed by the City of Ramsey since January 1, 1979. There shall be no partial years and no aggregation of separate periods of employment. 2. The employee must be a current member of the LELS Sergeants unit. 3. The termination of employment must be voluntary or the result of a lay-off. For the purposes of the PEHCSP, "voluntary" means a choice by the eligible employee to leave under circumstances where the employer would not otherwise be entitled to discharge the eligible employee for misconduct. 4. Upon termination of employment the employee must ~ a. Be receiving a retirement annuity from a Minnesota public pension plan other than a volunteer fire fighter plan; b. Be receiving a disability ann'ty om a Minnesota public pension plan other than a volunteer fire fighter plan or c. Have met the age and service requirements necessary to receive an annuity from a Minnesota public pension plan other than a volunteer fire fighter plan. -379-