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21 <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 />Effective July 1st of each year of this agreement, the monthly contribution paid by the City <br />shall be increased by the same dollar increase in medical insurance as is provided to active <br />employees as set forth in Section 14.1 of this agreement up to the lowest cost HMO two-party <br />rate. <br /> <br />G. Vesting Schedule for Employees Hired After January 1, 2009 <br /> <br /> 1. Service Retirement <br /> For all employees who are hired after January 1, 2009 and retire from service, the City shall <br />provide the following benefit: <br /> <br /> Employees who service retire prior to the completion of twenty years of full-time service shall <br />receive four percent (4%) for each year of service of the single plan rate for the lowest cost <br />HMO. <br /> <br /> Employees who retire after the completion of twenty (20) years of full-time service will receive <br />four percent (4%) for each year of service of the two-party rate for the lowest cost HMO. <br /> <br /> Examples: completion of 19 years = 76% of the single plan rate for the lowest cost HMO and <br />completion of 20 years = 80% of the two-party lowest cost HMO. Such monies may be utilized <br />for City plans or for medical premiums for alternate plans selected by the retiree. <br /> <br /> 2. Disability Retirement <br /> For all employees who are hired after January 1, 2009 and retire with disability, the City shall <br />pay a percentage of the monthly premium of the City's lowest cost HMO health plan coverage <br />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 />Page 191 of 248