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Docusign Envelope ID: 5BEB38E3-9A4C-4D19-9586-Al7352C599AA <br />Years of Service <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />T) <br />23 <br />24 <br />25+ years of service <br />3. City Contributions <br />City's Contribution <br />20% <br />25% <br />30% <br />35% <br />40% <br />45% <br />48% <br />51% <br />54% <br />57% <br />80% <br />84% <br />88% <br />92% <br />96% <br />100% <br />The City's contribution for retiree medical coverage is established as the same <br />dollar contribution paid for active employees at the employee plus one rate of the <br />lowest cost HMO early retiree plan. <br />4. Reimbursement for non -City Plans <br />In the event that a retiree obtains medical coverage through a plan not offered <br />through the City of Pleasanton, the City will reimburse the retiree up to the eligible <br />amount, but no more than the amount paid by the retiree. Retirees must supply <br />proof of coverage and proof of payment in order to be reimbursed. <br />5. Benefits for Medicare Eligible Retirees <br />All retirees eligible for Medicate are required to apply for Medicare benefits. Upon <br />qualifying for and receiving parts A and B of Medicare, the City shall not be <br />obligated to contribute an amount in excess of the monthly premium for the lowest <br />cost HMO health plan supplement to Medicare for employee and one dependent. <br />D. Vesting Schedule for Employees Hired on or After January 1, 2009 <br />1. Service Retirement <br />For all employees who retire via service retirement from the City of Pleasanton, <br />the City shall pay four percent (4%) for each year of service of the City's <br />contribution toward the monthly premium for single coverage. <br />For all service retirements the formula accelerates beginning with 10 years of <br />service as illustrated below: <br />23 <br />