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<br />4938-6770-8028 v1 -31 - <br /> <br /> <br />D. Vesting Schedule for Employees Hired Before June 1, 2011 <br /> <br /> 1. Service Retirement <br /> For all employees who retire with service from the City of Pleasanton, the City shall pay <br />four percent (4%) for each year of service of the City’s contribution toward the monthly <br />premium for employee and one dependent. <br /> <br /> 2. Disability Retirement <br /> For all employees who retire with disability, the City shall pay a percentage of the City’s <br />contribution toward the monthly premium for employee and one dependent in accordance <br />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 /> <br />3. City Contributions <br /> The City’s contribution for retiree medical is established as the same dollar contribution <br />paid for active employees at the employee plus one rate of the lowest cost HMO early <br />retiree plan. <br /> <br />4. Reimbursement for non-City Plans <br />In the event that a retiree obtains medical coverage through a plan not offered through the <br />City of Pleasanton, the City will reimburse the retiree up to the amount outlined in <br />Section 15.2.D, 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 /> <br />5. Benefits for Medicare Eligible Retirees <br /> All retirees eligible for Medicare are required to apply for Medicare benefits. Upon <br />qualifying for and receiving parts A and B of Medicare, the City shall not be obligated to <br />contribute an amount in excess of the monthly premium for the lowest cost HMO health <br />plan supplement to Medicare for employee and one dependent. <br />Page 98 of 200