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2010
City of Pleasanton
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2010
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12/6/2011 1:23:46 PM
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LONG TERM AGREEMENTS
LONG TERM AGREEMENTS - DOCUMENT DATE
11/1/2010
LONG TERM AGREEMENTS - NAME
MEMORANDUM OF UNDERSTANDING
LONG TERM AGREEMENTS - TYPE
MOU AGMT
LONG TERM AGREEMENTS - RECORD SERIES
704-06 (Long Term Agreements)
LONG TERM AGREEMENTS - DESTRUCTION DATE
PERMANENT
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D. Vesting Schedule for Employees Hired Before June 1, 2011 <br /> 1. Service Retirement <br /> For all employees who retire with service from the City of Pleasanton, the City <br /> shall pay four percent (4%) for each year of service of the City's contribution <br /> toward the monthly premium for employee and one dependent. <br /> 2. Disability Retirement <br /> For all employees who retire with disability, the City shall pay a percentage of the <br /> City's contribution toward the monthly premium for employee and one dependent <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 /> The City's contribution for retiree medical is established as the same dollar <br /> contribution paid for active employees at the employee plus one rate of the lowest <br /> cost HMO early retiree plan. <br /> 4. Reimbursement for non-City Plans <br /> In the event that a retiree obtains medical coverage through a plan not offered <br /> through the City of Pleasanton, the City will reimburse the retiree up to the <br /> amount outlined in Section 15.2.D, but no more than the amount paid by the <br /> retiree. Retirees must supply proof of coverage and proof of payment in order to <br /> be reimbursed. <br /> 5. Benefits for Medicare Eligible Retirees <br /> All retirees eligible for Medicare are required to apply for Medicare benefits. <br /> Upon qualifying for and receiving parts A and B of Medicare, the City shall not <br /> be obligated to contribute an amount in excess of the monthly premium for the <br /> -23 - <br />
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