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�. , , ,- , . Clt� o� ORONO • � R�SOLUTION OF THE CITY COUNCIL � NO. 1940 • � • • That they can receive their unused accrued vacation up to 3� days as permitted in Section 318 of Administrative and Personnel Policy together with one third of their unused sick leave up to 4� days, NOW, THSREFORE, the City of Orono Council approves offering as an option that if qualified above the employee may select as an alternative and instead of severance pay and normal insurance continuation under Minnesota Statute 62A.17 that: 1. For employee insurance the employee may continue as • a retiree on the health insurance as a substitute ' benefit in exchange for their unused vacation (3P! day • maximum) and 1/3 of unused sick leave calculated at current rates. At the time of their retirement the . amount of City contribution toward the employees share • will be calculated to equal the normal severance and divided by the number of months until they reach 65. 2. That for dependent coverage retirees will be responsible for payment of that amount and that they must continue to pay by the first of every month to the City. As an option they can pay in a lump sum in advance . This policy is contingent upon the City continuing to offer insurances with the County program. At any time in the fut�ire the City can terminate the arrangement � they will return any unused or banked monies to the retiree ha ving given the employee six months notice of termination of the option. Should retiree terminate their coverage prior to exhausting of the trade off benefits, the balance shall be returned. NOW, TH�It�FOR� •BE IT R�SOLVED, that the City of Orono Council hereby allows persons permanently disabled continuing at - the employee's expense the availability of group insurance. • 2