CITY COUNCIL REGULAR MEETING AGENDA PACKET 5-5-26

20 of the City's current Kaiser S-1 Health Plan coverage in accordance with the schedule set forth below: Years of Service City's Contribution 10 20% 11 25% 12 30% 13 35% 14 40% 15 45% 16 48% 17 51% 18 54% 19 57% 20 80% 21 84% 22 88% 23 92% 24 96% 25 + years of service 100% Upon qualifying for and receiving parts A and B of Medicare, the City shall not be obligated to contribute a monthly amount in excess of the monthly premium for the Kaiser S-1 supplement to Medicare health plan for employee and one dependent. In the case where the eligible employee is deceased the amount the City is obligated to pay shall be reduced by 1/2 (one half). If the spouse remarries, the obligation by the City shall terminate. The City reserves the right to meet and confer with the Association for the purposes of coordinating retired employees’ hospital and medical care in the event Federal or State legislation is implemented that effects retiree's medical insurance. E. Plan Design for Employees Who Retire On or After July 1, 2009 Employees who retire on or after July 1, 2009 will have the same benefit co-pays and plan design as provided to active employees. F. Vesting Schedule for Employees Hired Before January 1, 2009 1. Service Retirement For all employees who retire from service, the City shall pay for each year of service with the City of Pleasanton, four percent (4%) of the monthly premium for employee and one dependent of the City's lowest cost HMO health plan. Such monies may be utilized for City plans or for medical premiums for alternate plans selected by the retiree. 2. Disability Retirement For all employees who retire with disability, the City shall pay a percentage of the monthly premium for employee and one dependent of the City's lowest cost HMO health plan coverage in accordance with the schedule set forth below: Years of Service City's Contribution 10 20% Page 190 of 248