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21 SLPOA MOU January 1, 2023 – June 30, 2028 Association and were members of the City’s Health and Dental Plan. The City will continue its contribution until the employee is eligible for Medicare coverage (at age 65) or reaches age 70. For employees who are eligible for Medicare at age 65, the City will contribute up to two hundred dollars ($200.00) per month towards the cost of a Medicare Risk Program and Dental Insurance until the age of 70. 24.8 For employees hired on or after January 1, 2007, who have rendered fifteen (15) years of City service as a Police Officer, the City shall pay the contributions required by health plan two-party rate for retired City employees who were assigned to classifications represented by the San Leandro Police Officers’ Association and who are members of one of the City’s health plans at the time of retirement. The City shall contribute a maximum of three hundred and sixty dollars ($360.00) towards the health and dental plans for retired City employees who are assigned to classifications represented by the San Leandro Police Officers' Association and were members of the City's health and dental plans. In the event the amounts required by the health plans exceed the maximum City contribution, such excess amounts shall be paid by the retiree. Coverage under this section shall continue until the employee's 65th birthday; except for the CalPERS Medical Plan “employer minimum share” retiree health contribution, which shall continue for life. 24.9 Retired employee dependent eligibility for City health plan contribution is conditional upon the active enrollment of the retired employee. If a retired employee moves outside the service area of their medical plan, the retiree will be allowed an opportunity within thirty (30) days of such move to change medical insurance coverage. If a retired employee remarries, the retiree may add the retiree's spouse to the medical and dental insurance coverage at the City's expense, not to exceed the applicable rate based on date of hire, date of retirement and City service as outlined above. Section 25. Retirement Plan – Two-tier System 25.1 The City shall continue to contract with the California Public Employees’ Retirement System (CalPERS) to provide retirement benefit programs for the term of this Memorandum of Understanding. 25.2 Tier One: For employees hired by the City into the Association prior to January 1, 2013, or for “classic” members of CalPERS hired after January 1, 2013, the City’s contract with CalPERS provides the 3% @ age 50 retirement formula, fourth level 1959 Survivors Benefit and the Military Service credit, with 12 months final compensation. Employees shall pay an additional three percent (3%) towards the employer’s pension contribution rate for a total employee contribution of 12%. Pursuant to IRS Code Section 414 (h) (2), these payments shall be made on a pre-tax basis. The City has contracted with CalPERS for Employee Cost Sharing as set forth in Government Code section 20516(a). These additional employee pension contributions shall be credited to each member’s account as a normal contribution. Effective January 1, 2023, employees shall pay an additional two percent (2%) towards the City’s pension contribution rate for a total employee contribution of 14%. As soon as administratively feasible, the City will arrange for these additional pension contributions to be incorporated into a contract amendment with CalPERS. The Union agrees to participate in all steps necessary to comply with this provision.