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22 <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 /> Employees who leave City service prior to the completion of twenty years of full-time service <br />shall receive the above listed percentage of the single plan rate for the lowest cost HMO. <br /> <br /> Employees who retire after the completion of twenty (20) years of full-time service will receive <br />the above-listed percentage of the two-party rate for the lowest cost HMO. <br /> <br /> Examples: completion of 19 years = 57% of the single plan rate for the lowest cost HMO and <br />completion of 20 years =80% of the two-party rate for the lowest cost HMO. <br /> <br />H. Vesting Schedule for Employees Hired On or After January 1, 2012 <br /> <br /> 1. Service Retirement <br /> <br /> For all employees who are hired on or after January 1, 2012 and retire from service, the <br />City shall provide the following benefit: <br /> <br /> Commencing upon the date of hire, the employee will be credited with four percent (4%) <br />for each year of service of the single plan rate for the lowest cost HMO. Upon reaching <br />Medicare eligibility age, the City’s contribution toward the medical premium shall cease. <br /> <br /> 2. Disability Retirement <br /> <br /> For all employees who are hired on or after January 1, 2012 and retire with disability, the <br />City shall pay a percentage of the monthly premium of the single plan rate for the lowest <br />cost HMO health plan coverage in accordance with the schedule set forth below until <br />eligible for Medicare, at which time the contribution toward the medical premium shall <br />cease: <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 />Page 192 of 248