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<br />4938-6770-8028 v1 -32 - <br /> <br /> <br />E. Vesting Schedule for Employees Hired After June 1, 2011 <br /> <br /> 1. Service Retirement <br /> For all employees who are hired after June 1, 2011 and retire from service, the City shall <br />provide the following benefit: <br /> <br /> For all employees who retire with service from the City of Pleasanton, the City shall pay <br />for each year of service equivalent to four percent (4%) of the City’s contribution toward <br />the monthly premium for single coverage. <br /> <br /> 2. Disability Retirement <br /> For all employees who are hired after June 1, 2011 and retire with disability, the City <br />shall pay a percentage of the City’s monthly contribution toward the premium for single <br />coverage 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 />The City’s contribution for retiree medical is established as the same dollar contribution <br />paid for active employees at the single rate of the lowest cost HMO early 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 for the single rate, but no more than the amount paid by the retiree. <br />Retirees must supply proof of coverage and proof of payment in order to be reimbursed. <br /> <br />5. Benefits for Medicare Eligible Retirees <br />Retiree health benefits will cease once the employee becomes Medicare eligible. <br /> <br />6. Retiree Health Savings Account <br />Page 99 of 200