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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 coverage is established as the same dollar contribution paid for active employees at the employee plus one 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 eligible amount,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. 5. Benefits for Medicare Eligible Retirees All retirees eligible for Medicate are required to apply for Medicare benefits. Upon qualifying for and receiving parts A and B of Medicare,the City shall not be obligated to contribute an amount in excess of the monthly premium for the lowest cost HMO health plan supplement to Medicare for employee and one dependent. D. Vesting Schedule for Employees Hired on or After January 1,2009 1. Service Retirement For all employees who retire via service retirement from the City of Pleasanton, the City shall pay four percent (4%) for each year of service of the City's contribution toward the monthly premium for single coverage. For all service retirements the formula accelerates beginning with 10 years of service as illustrated below: 4894-5387-2224 Q 22