HomeMy WebLinkAbout16-155CITY OF LAKEVILLE
RESOLUTION NO. 16-155
RESOLUTION AMENDING
THE PAID TIME OFF POLICY
FOR CASH OUT OF EXTENDED MEDICAL BANK
WHEREAS, an amendment to the Paid Time Off Policy will allow eligible employees to apply for
an early cash out of their Extended Medical Bank and reduce the city's liability; and
WHEREAS, thirty five percent of the employee's EMB may be cashed out; and
WHEREAS, employees electing to cash out early, upon payout their EMB will be set at zero "0"
and they will no longer be eligible for separation pay under Policy 6.63; and
NOW, THEREFORE, BE IT RESOLVED that the City Council agrees to amend the Paid Time
Office policy to allow employees to apply for early cash out of 35% of their Extended Medical
Bank and setting their EMB to zero; and
BE IT FURTHER RESOLVED that City staff is authorized to amend the budget, if necessary, to
reflect the corresponding expenses.
ADOPTED by the Lakeville City Council this 21st day of November, 2016
Matt I'le,;orZ
Charlene Friedges, City Clerk