Laserfiche WebLink
Docusign Envelope ID: 45060F3D-C86D-4163-9351-F1564A01C80A <br />B. Plan Design <br />Employees who retire on or after July 1, 2009, will have the same benefit co -pay <br />and plan design as provided to active employees in accordance with Section <br />16.1.0 and are subject to the 15% premium cap provisions of Section 16.1.6. <br />C. Vesting Schedule for Employees Hired Before July 1, 2012 <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 due to disability, the City shall pay a percentage of <br />the City's contribution toward the monthly premium for employee plus one <br />dependent (two-party rate) for the lowest cost HMO plan in accordance with the <br />schedule set forth below: <br />Years of Service City's Contribution <br />10 <br />20% <br />11 <br />25% <br />12 <br />30% <br />13 <br />35% <br />14 <br />40% <br />15 <br />45% <br />16 <br />48% <br />17 <br />51% <br />18 <br />54% <br />19 <br />57% <br />20 <br />80% <br />21 <br />84% <br />22 <br />88% <br />23 <br />92% <br />24 <br />96% <br />25 + years of service <br />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 <br />lowest cost HMO early retiree plan. The City's contribution for an active <br />29 <br />