Laserfiche WebLink
22 <br /> <br />12.2 Retiree Medical Benefit Eligibility <br />Employees who retire from the City of Pleasanton under the California Public Employees <br />medical benefits. Retirement from the City of Pleasanton means a retirement effective date <br />through CalPERS no more than 120 calendar days after separation from the City of Pleasanton. <br />Retirees who subsequently rescind their CalPERS retirement forfeit this retiree medical benefit <br />eligibility. <br />A. Calculation of Total Service <br />category indicated on the CalPERS annual member statement or validated by CalPERS <br />at the time of retirement. <br />1. Managers hired prior to January 1, 2009 (Prior Service) <br />Employees hired before January 1, 2009 who promote to management positions <br />may count prior years of service completed with another CalPERS municipal <br />agency for the retiree medical benefit. <br />B. Spouse/Eligible Dependent Continuation of Benefits <br />In the case where the employee eligible for two party coverage is deceased, the amount <br />the City is obligated to pay shall be reduced by one-half (1/2). If a spouse remarries, <br />the obligation by the City shall terminate. Domestic partners shall be treated in the <br />same manner as spouses for continuation of benefits. <br /> C. Vesting Schedule for Employees Hired Before January 1, 2009 <br />1. Service Retirement <br />For all employees who retire via a service retirement from the City of Pleasanton, <br />contribution toward the monthly premium for employee and one dependent. <br />For all service retirements the formula accelerates beginning with 10 years of <br />service as illustrated below. <br />Years of Service <br /> 10 75% <br /> 15 80% <br /> 20 90% <br /> 25+ years of service 100% <br />2. Disability Retirement <br />For all employees who retire via a disability retirement, the City shall pay a <br />and one dependent in accordance with the schedule set forth below: <br /> <br />Page 299 of 674