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<br /> <br />retired City employee who was assigned to a confidential classification and who is <br />currently a member of the City's dental plan, or who was a member of the City's dental <br />plan and retired on or after January 1, 1987. For two-party and family coverage, the <br />City shall contribute $86.51 and $115.74 per month, respectively. Coverage under this <br />section shall continue until the employee’s 65th birthday; except for the PERS Medical <br />Plan “employer minimum share” retiree health contribution, which shall continue for life. <br /> <br />16.3 Life Insurance <br /> <br /> The City shall maintain in effect employer paid Term Life Insurance with an AD&D <br />benefit in the amount of twenty thousand dollars ($20,000.00). The City shall make <br />available for employees, the ability to purchase additional life insurance, at no cost to <br />the City, subject to the requirements and rules of the insurance carrier. Such premium <br />payments made by the employee purchasing any voluntary life insurance shall be <br />made on an after tax basis. <br /> <br />16.4 Long Term Disability Insurance <br /> <br /> The City shall maintain in effect an employer paid long term disability insurance <br />program with a benefit percentage of forty percent (40%) of base monthly earnings <br />with a maximum gross monthly benefit of five thousand dollars ($5,000.00). The plan <br />shall provide a six (6) month elimination period, benefits payable to age sixty-five (65) <br />with two years “own” occupation and partial disability benefits. The City shall make <br />available for employees, the ability to purchase additional long term disability <br />insurance, at no cost to the City, subject to the rules, regulations, enrollment <br />requirements and exclusions set forth by the insurance carrier. <br /> <br />16.5 Short Term Disability Insurance <br /> <br />The City shall make available for employees, the ability to purchase voluntary short- <br />term disability insurance, at no cost to the City, subject to the rules, regulations, <br />enrollment requirements and exclusions set forth by the insurance carrier. Such <br />premium payments made by the employee purchasing any voluntary short-term <br />disability insurance shall be made on an after-tax basis. <br /> <br />Section 17. Retirement Plan - Three-tier System <br /> <br />The City shall, for full-time and qualifying part-time confidential staff, contribute to the <br />California Public Employees' Retirement System (CalPERS) each pay period a portion of <br />the employees’ contribution rate as established by law, equal to that percentage of the <br />employees’ "compensation" as that term is administered by the Board of Administration of <br />CalPERS, for the purpose of computing final compensation. Such contributions shall be <br />reported to CalPERS as follows: <br /> <br />8.1 Tier One: For confidential employees hired by the City prior to May 6, 2010, the City <br />shall maintain a contract with CalPERS for the provision of a 2.5% @ 55 (highest 12 <br />months) retirement benefit formula. The City shall contribute eight percent (8%) of the <br />employees’ compensation to CalPERS on behalf of these employees. <br />13 <br />San Leandro Confidential Employees Compensation Plan