RES 231418 - Laserfiche WebLink

4. City Contributions Effective July 1 st 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.l 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. 14.4 Vision During the term of this Memorandum of Understanding, the City shall contribute the premium necessary for the VSP Vision Plan family coverage for health insurance participants who are not covered by Kaiser. 14.5 Lona Term Disability The City's maximum monthly long-term disability insurance premium contribution shall be twenty-three dollars ($23.00). The City shall not be obligated to contribute an amount in excess of twenty-three dollars ($23.00)throughout the term of this agreement. 14.6 Life,Accidental Death and Dismemberment Insurance The City shall contribute an amount necessary to provide $50,000 life and $50,000 accidental death and dismemberment insurance coverage for Association members. The monthly premium for such insurance coverage shall be paid by the City during the term of this agreement. Section 15. Retirement 15.1 Payment of Employee Contribution to PERS Employees classified as "Classic Employees" (i.e., those eligible for the 3% @ 50 or 3% @ 55 retirement benefit) shall contribute ten and one-half percent(10.5%)to the Public Employees' Retirement System(PERS). Such contributions shall be made pre-tax in accordance with applicable law. Effective June 2, 2018, employees classified as "Classic Employees" will pay an additional one and one-half percent(1.5%)toward the employer's pension contribution rate for a total PERS contribution of 12%. The parties mutually recognize and acknowledge that the cost-sharing provisions provided herein will be counted towards cost-sharing terms set forth in Government Code section 20516.5. For employees defined as"new members" by Ca1PERS pursuant to the Public Employees' Pension Reform Act("PEPRA"), will pay a member contribution equal to fifty percent of the normal cost of their retirement benefit as determined by CalPERS. 21