2022 - 2025 - Laserfiche WebLink

For all employees who retire with service 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 employee and one dependent. 2. Disability Retirement For all employees who retire due to disability, the City shall pay a percentage of the City's contribution toward the monthly premium for employee plus one dependent (two- party rate) for the lowest cost HMO plan in accordance with the schedule set forth below: 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 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. The City's contribution for an active employee is identified during open enrollment each year as follows: the total monthly premium at the employee plus one rate of the lowest cost HMO plan minus $25. For example, in 2022-2023 the total monthly premium at the employee plus one rate of the lowest cost HMO was $1,533.36. The City's monthly contribution for active employees at the employee plus one rate of the lowest cost HMO plan for 2022-2023 was $1,508.36 (1,533.36 - $25 = $1,508.36). Employees who retire on or after January 1, 2024 will begin to receive a benefit calculated as their earned percentage of the City's contribution for an active employee at the employee plus one rate of the lowest cost HMO plan according to the following formula: The City's contribution for an active employee- is identified during open enrollment each year. 25