Laserfiche WebLink
amount in excess of the monthly premium for the lowest cost HMO health plan supplement to <br />Medicare as provided below. <br />C. Spousal Continuation of Benefits <br />In the event the employee is eligible for two-party coverage and the eligible employee is <br />deceased, the amount the City is obligated to pay shall be reduced by 1/2 (one half). If the <br />spouse remarries, the obligation by the City shall terminate. <br />D. Plan Design for Emplovees Who Retire Prior to July 1, 2009 <br />See Side Letter. <br />E. Plau Design for Emplovees 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 Emplovees 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 maybe 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 />3. City Contributions <br />Effective July 1st of each year of this agreement, the monthly contribution paid by the City <br />shall be increased by the same dollar increase in medical insurance as is provided to active <br />17 <br />