Laserfiche WebLink
D. Vesting Schedule for Employees Hired Before June 1,2011 <br /> 1. Service Retirement <br /> For all employees who retire with service from the City of Pleasanton,the City shall pay <br /> four percent(4%) for each year of service of the City's contribution toward the monthly <br /> premium for employee and one dependent. <br /> 2. Disability Retirement <br /> For all employees who retire with disability,the City shall pay a percentage of the City's <br /> contribution toward the monthly premium for employee and one dependent in accordance <br /> with the schedule set forth below: <br /> Years of Service City's Contribution <br /> 10 20% <br /> 11 25% <br /> 12 30% <br /> 13 35% <br /> 14 40% <br /> 15 45% <br /> 16 48% <br /> 17 51% <br /> 18 54% <br /> 19 57% <br /> 20 80% <br /> 21 84% <br /> 22 88% <br /> 23 92% <br /> 24 96% <br /> 25 +years of service 100% <br /> 3. City Contributions <br /> The City's contribution for retiree medical is established as the same dollar contribution <br /> paid for active employees at the employee plus one rate of the lowest cost HMO early <br /> retiree plan. <br /> 4. Reimbursement for non-City Plans <br /> In the event that a retiree obtains medical coverage through a plan not offered through the <br /> City of Pleasanton,the City will reimburse the retiree up to the amount outlined in <br /> Section 15.2.D,but no more than the amount paid by the retiree. Retirees must supply <br /> proof of coverage and proof of payment in order to be reimbursed. <br /> 5. Benefits for Medicare Eligible Retirees <br /> All retirees eligible for Medicare are required to apply for Medicare benefits. Upon <br /> qualifying for and receiving parts A and B of Medicare,the City shall not be obligated to <br /> -26 - <br />