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contribute an amount in excess of the monthly premium for the lowest cost HMO health plan supplement to Medicare for employee and one dependent. E. Vesting Schedule for Employees Hired After June 1, 2011 1. Service Retirement For all employees who are hired after June 1, 2011 and retire from service, the City shall provide the following benefit: For all employees who retire with service from the City of Pleasanton, the City shall pay for each year of service equivalent to four percent (4%) of the City's contribution toward the monthly premium for single coverage. 2. Disability Retirement For all employees who are hired after June 1, 2011 and retire with disability, the City shall pay a percentage of the City's monthly contribution toward the premium for single coverage in accordance with the schedule set forth below: Years of Service City's Contribution 10 20% 11 25% 12 30% 13 35% 14 40% 15 45% 16 48% 17 51% 18 54% 19 57% 20 80% 21 84% 22 88% 23 92% 24 96% 25 +years of service 100% 3. City Contributions The City's contribution for retiree medical is established as the same dollar contribution paid for active employees at the single rate of the lowest cost HMO early retiree plan. 4. Reimbursement for non-City Plans In the event that a retiree obtains medical coverage through a plan not offered through the City of Pleasanton, the City will reimburse the retiree up to the amount outlined in Section 15.2.D for the single rate, but no more than the amount paid by the retiree. Retirees must supply proof of coverage and proof of payment in order to be reimbursed. -25 -