RES 17972 - Laserfiche WebLink

health plan coverage in accordance with the schedule set forth below until eligible for Medicare, at which time the contribution toward the medical premium shall cease: 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. Retiree Health Savings Account The Association and the City will meet within ninety (90)days after adoption of this agreement to review and select a Retiree Health Savings Plan (RHSA). The two plans to be reviewed are the PORAC plan and a plan offered through ICMA. For employees hired after on or January 1, 2012 and who have successfully passed probation, the City will contribute twenty-five dollars ($25) per pay period to the RHSA. Additionally, each employee eligible for the City contribution will have twenty-five dollars ($25) per pay period deducted pre-tax as an additional employee contribution toward the RHSA. The total pay period contribution to the RHSA will be fifty dollars ($50). Employees have a vested right to the funds at the time of deposit. Funds deposited in the RHSA are portable and belong to the employee, regardless of length of service or reason for separation. 4. City Contributions Effective July 1st of each year of this agreement, the monthly contribution paid by the City shall be increased by the same increase in medical insurance for the lowest cost HMO single or two-party rate as is provided to active employees as set forth in Section 14.1 of this agreement and as applicable under Sections 14.2 G.1, 14.2 G.2, 14.2 H.1 and 14.2 H.2 above. 14.3 Dental The City shall contribute an amount necessary to provide dental care benefits for the individual employee and eligible dependents. The annual maximum will be $2000 per person per calendar year. Maximum orthodontia coverage shall be $2,000 lifetime allowance. 18