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31 <br /> 2. Disability Retirement <br /> <br /> For all employees who retire due to disability, the City shall pay a percentage of <br />monthly premium for single coverage for the <br />lowest cost HMO plan in accordance with the schedule set forth below: <br /> <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 /> <br />3. City Contributions <br /> <br />is established as the same dollar <br />contribution paid for active employees at the employee only rate of the lowest <br />cost HMO early retiree plan. <br /> <br />enrollment each year as follows: the total monthly premium at the employee only <br />rate of the lowest cost HMO plan minus $25. For example, in 2022-2023 the <br />total monthly premium at the employee only rate of the lowest cost HMO was <br />only rate of the lowest cost HMO plan for 2022-2023 was $741.67 ($766.67- <br />$25 = $741.67). <br /> <br />Employees who retire on or after January 1, 2024 will begin to receive a benefit <br />employee at the employee only rate of the lowest cost HMO plan according to <br />the following formula: <br /> <br /> <br /> <br />For example, in 2022- <br />the lowest cost HMO was $741.67. A retiree with 15 years of service would <br />Page 225 of 674