§ 20.477. 2009 Retirement incentive plan.

(a) Definitions.

Eligible employee. For the purposes of this section, an eligible employee means a sworn employee of the Minneapolis Police Department who is eligible for full or reduced retirement benefits under any public employees' retirement plan or a sworn employee of the Minneapolis Fire Department who is eligible for full or reduced retirement benefits under any public employees' retirement plan.

Employee's health care savings account. The employee's account in the Minnesota State Retirement System's Health Care Savings Plan established through Minneapolis City Ordinance, Section 20.430.

(b)

Plan. Any eligible employee who has submitted a signed and completed participation form to the human resources department to the attention of the employee services director prior to or on November 6, 2009 and who separates from service no earlier than sixteen (16) days after submission of the completed election form but prior to or on November 30, 2009, will receive fifteen thousand dollars ($15,000.00) deposited to the employee's health care savings account.

(c)

Pension benefits impact. To the extent permitted by law, the contribution will have no financial impact on the eligible employee's current or future pension benefits.

(d)

Employment ineligibility. Employees who separate employment under the terms of this section are ineligible for future employment with any department under city council jurisdiction.

(e)

Rescission period. An employee may rescind the election to participate pursuant to federal law, state law, civil service rules or collective bargaining agreement.

(f)

Payment. The payment to the employee's health care savings account under this section will be made within thirty (30) days after the expiration of all applicable notice, waiver and rescission time periods.

(g)

Waiver of rights. Employees participating in the incentive under this section must release the City of Minneapolis from any and all rights, causes of action or claims in connection with the employee's employment at the City of Minneapolis, termination of that employment and all related matters. The waiver shall exclude rights, causes of action and claims arising after the date, the waiver is executed. These rights and claims include, but are not limited to, those arising under any local, state, or federal laws, regulations or other requirements, including without limitation the Age Discrimination in Employment Act, as amended by the Older Workers' Benefit Protection Act. The waiver will not interfere with an employee's right to file a charge or participate in an investigation or a proceeding conducted by the Equal Employment Opportunity Commission. (2009-Or-094, § 1, 9-18-09)