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� o� . <br /> • o � � <br /> - C ITY of 4RON0 <br /> � � : � <br /> ti <br /> ti <br /> RESOLUTION OF THE CITY COUNCIL <br /> ��� o��G No. 5 5 5 8 . <br /> kEsB <br /> A RESOLUTION APPROVING A <br /> POST-EMPLOYMENT HEALTH CARE SAVINGS PLAN <br /> FOR THE POLICE SERGEANT BARGAINING UNIT,AND AMENDING THE POLICE <br /> SERGEANT LABOR AGREEMENT TO REFLECT THE CHANGE <br /> WHEREAS, IRS rules allow cities to create Post-Employment Health Care Savings <br /> Plans (HCSPs) for their employees; and <br /> WHEREAS, an HCSP provides substantial tax savings in relation to the payment of <br /> health care costs; and <br /> WHEREAS, the City's Police Sergeant bargaining unit has agreed on the design of an <br /> HCSP. <br /> � NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Orono, <br /> Minnesota: <br /> 1. That the following Post-Employment Health Care Savings Plan be adopted: <br /> Emnloyee Payroll Contribution . <br /> All employees in the Police Sergeant bargaining unit will contribute 2% of pay <br /> into the post-employment health care savings plan. <br /> Severance Contribution <br /> All employees in the Police Sergeant bargaining unit will contribute 100% of <br /> severance pay into the post-employment health care savings plan. <br /> 2. That the Police Sergeant labor agreement be amended to reflect the addition of <br /> this plan. <br /> Adopted by the City Council of the City of Orono, Minnesota at a regular meeting held <br /> this 1 lth day of December, 2006. <br /> ATTEST: <br /> • <br /> �//�2G�G�J � (/�- ��� <br /> Linda S. Vee, City Clerlc Barbara A. Peterson, Mayor <br /> Page 1 of 1 <br />