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<br /> <br /> <br /> <br /> October 13, 2022 3 <br />BENEFIT SUMMARY <br /> Mgmt/Conf POA PCEA <br /> 21/22 Caps1 <br />(pre/post <br />65) <br />• Cap <br /> Retired < 7/1/09: <br />Kaiser EE+1 $1,595/ $887 <br /> Retired > 7/1/09: <br /> Kaiser EE only $775/ $337 <br />Kaiser EE+1 $1,551/ $674 <br />• Cap <br /> Retired < 7/1/12: <br />Kaiser EE+1 <br />$1,595/ $887 <br /> Retired > 7/1/12: <br />Kaiser EE only <br />$775/ $337 <br />Kaiser EE+1 <br />$1,551/ $674 <br /> Medical <br />Benefits – <br />Disability <br />Retirement <br />• City cap percentage based on years of service at retirement <br />Years % Years % Years % Years % <br />10 20 14 40 18 54 22 88 <br />11 25 15 45 19 57 23 92 <br />12 30 16 48 20 80 24 96 <br />13 35 17 51 21 84 25 100 <br /> <br /> Surviving <br />Spouses <br />• 50% of retiree benefit for surviving spouses <br /> <br />1 For retired after 7/1/10, annual increase in City’s contribution is limited to 15% of lowest cost family premium <br /> <br /> <br /> <br /> <br /> October 13, 2022 4 <br />BENEFIT SUMMARY <br /> Mgmt/Conf POA PCEA <br /> Council <br />Members <br />and <br />Pre-LPFD <br />Retirees <br />• Active Council members are not eligible <br />• The City pays a percent of the EE+1 Kaiser premium based on years of <br />service for 4 retired Council members. <br />• Pre-LPFD: The City pays a percent of the EE+1 Kaiser premium based on <br />years of service <br /> Pay-As- <br />You-Go <br />Cost2 <br /> <br />FY Cash Subsidy Implied Subsidy <br />2020/21 $3,353,000 $832,000 <br />2019/20 3,248,000 1,006,000 <br />2018/19 3,233,572 967,000 <br />2017/18 2,914,085 756,000 <br />2016/17 2,823,157 693,000 <br />2015/16 2,664,867 741,000 <br />2014/15 2,519,757 641,000 <br />2013/14 2,327,749 623,000 <br />2012/13 2,131,553 520,000 <br />2011/12 1,982,139 470,000 <br /> <br /> <br /> <br />2 Does not include professional service fees