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10.3 Life Insurance <br />The City shall continue to offer to eligible employees the life insurance program <br />in effect on February 1, 1974. <br />10.4 Savines Clause <br />If, pursuant to any federal or state law which may become effective subsequent to <br />the effective date of this MOU, the City is required to pay contributions or taxes <br />for hospital -medical -surgical, dental care, prescription drug or other health <br />benefits to be provided its employees under such federal or state act, the City's <br />obligation to furnish the same benefits under the hospital -medical -surgical, dental <br />care and major medical programs existing at this time shall be suspended and the <br />contributions agreed to be paid monthly hereunder by the City shall be reduced <br />each month by the amounts which the City is required to expend during any such <br />month in the form of contributions or taxes to support said federal or state health <br />plan. <br />If, as a result of such a law, the level of benefits provided by such law for any <br />group of employees, or their dependents, is lower in certain categories of services <br />than that provided under the existing major plans the City shall, to the extent <br />practical, provide a plan of benefits supplementary to the federal or state benefits <br />so as to make benefits in each category of coverage as nearly comparable as <br />possible to the benefits provided under the major medical plan. The City need <br />only expend for this purpose the actual amount required to achieve parity between <br />the benefits agreed to be provided under the major medical plan and the benefits <br />provided under any federal or state plan as supplemented in the manner <br />hereinabove described. In no event shall the City be required to expend for such <br />purposes an amount which, when added to the contributions or taxes required of <br />the City under the federal or state act, shall exceed the amounts paid at the time <br />such legislation becomes effective. <br />If the benefits provided under the federal or state act exceed the benefits provided <br />hereunder in each category of coverage, the City shall be under no further <br />obligation to make any contributions. <br />The City intends to evaluate the hospital -medical, life insurance, and dental plans, <br />which are currently available to employees. In the event that it may be possible to <br />provide hospital -medical, life insurance and dental coverage as nearly comparable <br />as possible to the benefits in effect on September 1, 1998, without additional cost <br />to the City or the employees, the City may substitute new insurance carriers. The <br />Association will be given an opportunity to review the coverage afforded under <br />such substitute plans before they are implemented. <br />24 <br />