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10
City of Pleasanton
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CITY CLERK
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AGENDA PACKETS
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2017
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100317
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9/27/2017 4:35:14 PM
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CITY CLERK
CITY CLERK - TYPE
AGENDA REPORT
DOCUMENT DATE
10/3/2017
DESTRUCT DATE
15Y
DOCUMENT NO
10
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o <br /> 23 92% <br /> 24 96% <br /> 25 + years of service 100% <br /> Upon qualifying for and receiving parts A and B of Medicare, the City shall not be obligated to <br /> contribute a monthly amount in excess of the monthly premium for the Kaiser S-1 supplement <br /> to Medicare health plan for employee and one dependent. In the case where the eligible <br /> employee is deceased the amount the City is obligated to pay shall be reduced by 1/2 (one half). <br /> If the spouse remarries, the obligation by the City shall terminate. <br /> The City reserves the right to meet and confer with the Association for the purposes of <br /> coordinating retired employees hospital and medical care in the event Federal or State <br /> legislation is implemented that effects retiree's medical insurance. <br /> See Side Letter. <br /> E. Plan Design for Employees Who Retire On or After July 1,2009 <br /> Employees who retire on or after July 1, 2009 will have the same benefit co-pays and plan <br /> design as provided to active employees. <br /> F. Vesting Schedule for Employees Hired Before January 1,2009 <br /> 1. Service Retirement <br /> For all employees who retire from service, the City shall pay for each year of service with the <br /> City of Pleasanton, four percent (4%) of the monthly premium for employee and one dependent <br /> of the City's lowest cost HMO health plan. Such monies may be utilized for City plans or for <br /> medical premiums for alternate plans selected by the retiree. <br /> 2. Disability Retirement <br /> For all employees who retire with disability, the City shall pay a percentage of the monthly <br /> premium for employee and one dependent of the City's lowest cost HMO health plan coverage <br /> in accordance 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 /> 16 <br />
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