8D Consent 2009 0120 - Laserfiche WebLink

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plan and retired on or after January 1, 1987. Any increases in de~~ltal plan costs duri~3g the term of this Agreement shall be split ea~ually between t11e City and. the retired employee. Coverage under this section shall continue until the employees 65t~' birthday; except for thy; PERS Medical Plan "employer minimum share" retiree health contribution, which shall continue for life. Section 30. Fife Insua°anee The City shall maintain in effect employer paid Term Life Insurance with an AD&D benefit in the amount of twenty thousand dollars ($20,000.00). The City shall make available for employees, the ability to purchase additional life insurance, at no cost to the City, subject to the requirements and rules of the insurance carrier. Such premium payments made by the employee purchasing any voluntary life insurance shall be made on an after tax basis. Section 31. Long Term Disability Insurance The City shall maintain in effect an employer paid long term disability insurance program with a benefit percentage of forty percent (40%) of base monthly earnings with a maximum gross monthly benefit of five thousand dollars ($5,000.00). The plan shall provide a six (6) month elimination period, benefits payable to age sixty-five (65) with two years "own" occupation and partial disability benefits. The City shall make available for employees, the ability to purchase additional long term disability insurance, at no cost to the City, subject to the rules, regulations, enrollment requirements and exclusions set forth by the insurance carrier. Section 32. Short Term Disability Insurance The City shall make available for employees, the ability to purchase voluntary short-term disability insurance, at no cost to the City, subject to the rules, regulations, enrollment requirements and exclusions set forth by the insurance carrier. Such premium payments made by the employee purchasing any voluntary short-term disability insurance shall be made on an after-tax basis. Section 33. Retirement Plan 33.1 The City's contract with the Public Employees Retirement System provides retirement benefits for the 2.5°l0 2°/n--@ 55 retirement formula. Such plan contains an after remarriage post survivor allowance continuance. 33.2 The City shall continue to contract with the Public Employees' Retirement Systems to provide the credit for unused sick leave benefit (Section 20862.8). 33.3 The City shall continue to contract with the Public Employees' Retirement System to provide the Military Service Credit as Public Service (Section 21024) benefit option. ° 0 b 28