2001 - Laserfiche WebLink

14.2 Dental The City shall contribute an amount necessary to provide dental care benefits under the Ameritas Plan for the individual employee and eligible dependents; Maximum orthodontia coverage shall be $2,000 lifetime allowance. 14.3 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. 14.4 Long Term Disability Effective May 1, 1998, the City's maximum monthly long term disability insurance premium contribution shall be increased to 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. 14.5 Life, Accidental Death and Dismemberment Insurance The City shall contribute an amount necessary to provide $35,000 life and $35,000 accidental death and dismemberment insurance coverage for Association members. The monthly premium for life 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 Effective January 1, 1988, the City shall pay the employee's contribution to the Public Employees' Retirement System (PERS), to include the "Single Highest Year" option. The amount of said City payment shall equal but not exceed nine percent (9 %) of the employee's compensation subject to retirement contributions. Effective February 11, 1995, the city shall report as special compensation the dollar value of the city's payment of the employee's nine percent retirement contribution. 15.2 Adoption of PERS Credit for Unused Sick Leave Option Upon City Council adoption of this memorandum of understanding, the City shall proceed to amend its contract with the Public Employees' Retirement System for the purpose of implementing the PERS Credit for Unused Sick Leave Option. Said amendment to be effective as soon after April 1, 1995 as the contract amendment process can be completed. 153 Adoption of PERS 3% (7a 50 Retirement Formula Effective October 1, 2001, the City will implement the PERS 3% @ 50 retirement formula for the PERS safety members in the Police Department. 15.4 Adoption of PERS Military Buyback Provision Effective October 1, 2001, the City will implement the PERS Military Buyback Provision for PERS safety members in the Police Department. - 12 -