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-29 - <br /> <br />coverage for the individual regular part-time employee who averages between twenty <br />(20) and twenty-nine (29) hours per week. <br /> <br /> Employees may purchase, at the employees' own expense and within the limits set by the <br />insurance carrier, additional amounts of life insurance under the existing policy. <br /> <br />15.5 Disability Insurance <br /> <br /> (1) Short-Term Disability <br /> <br />The City offers a short term disability plan that provides a partial salary continuation <br />under the conditions of the plan. Monthly premiums for the short term disability plan <br />will be paid for by the City. <br /> <br /> (2) Long-Term Disability <br /> <br />The City offers a Long Term Disability Plan that provides a partial salary <br />continuation under the conditions of the plan. Monthly premiums for the long term <br />disability plan will be paid for by the City. <br /> <br />15.6 Vision Care <br /> <br />During the term of this agreement, the City shall contribute the premium to provide for <br />vision plan family coverage for health participants who are not covered by the medical <br />plan. The benefits include annual eye examinations with a $10.00 co-payment by the <br />employee; annual lens replacement and bi-annual replacement of frames for a $20.00 co- <br />payment by the employee. <br /> <br />15.7 Health and Welfare Benefit Continuation <br /> <br /> Employees off work due to verifiable personal illness and having exhausted their accrued <br />sick leave benefits set forth in Section 13 shall continue their eligibility for health and <br />welfare payments in accordance with Section 14. Employees off work on leaves of <br />absence without pay shall not be eligible for said health and welfare benefit payments. <br /> <br />Section 16. Retirement <br /> <br />The City of Pleasanton provides employees defined as “Classic” members by CalPERS <br />with the PERS 2.7% at 55 retirement formula, including the following options: "Credit <br />for Unused Sick Leave", "1959 Survivors Third Level", "One Year Final Compensation <br />Option" and “Military Service Credit” option. <br /> <br /> For employees hired on or after January 1, 2013, and defined as “New” members by <br />CalPERS, the City shall provide the retirement formulas as determined by CalPERS <br />under the Public Employees’ Pension Reform Act (PEPRA). The current formula is 2% <br />at age 62 or older. <br /> <br />Page 196 of 373