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living outside the service area of its medical insurance plans. The contribution toward <br />retiree insurance will continue, however. <br />The employer shall implement a Medicare risk plan, which shall be made available to <br />retirees at no cost to the City. <br /> <br /> <br />2.34. Dental (Retiree) <br />The City shall contribute a maximum of seventy dollars and eighty-seven cents ($70.8'7) <br />towards monthly dental plan costs for each retired City employee who is currently a member <br />of the City's dental plan, or who was a member of the City's dental plan and retired on or <br />after July 1, 1983. Any increases in dental plan costs during the term of this Agreement <br />shall be split equally between the City and the retired employee. Coverage shall continue <br />until age 65. <br />No change in dental plan carrier, or level of benefits, shall be made unless agreed to by the <br />Management Organization. <br />2.45. Life Insurance <br />The City shall maintain in effect employer provided Tern1 Life Insurance with AD&D in the <br />amount of fifty thousand dollars ($50,000.00) for active employees. The insurance provider <br />shall be "A-rated"T°~~ ~-^^„ "~'^+ unless the parties specify otherwise. The City shall make <br />available for employees, the ability to purchase additional life insurance, at no cost to the <br />City, subject to the requirements and rules of the insurance carrier. Such premium payments <br />made by the employee purchasing any voluntary life insurance shall be made on an after tax <br />basis. <br />2.5~. Long Term Disability Insurance <br />The City shall maintain in effect an employer paid long-term disability insurance program <br />with a benefit percentage of forty percent (40%) of base monthly earnings with a maximum <br />gross monthly benefit of six thousand dollars ($6,000.00). The plan shall provide a six <br />month elimination period, benefits payable to age 65 with two years "own" occupation and <br />4 <br />SLMO draft to council <br />