Agmt19 MOU Service Employes International Union Local 521

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comparable as possible to the benefits provided under the major medical plan. The City need only expend for this purpose the actual amount required to achieve parity between the benefits provided under the major medical plan and the benefits provided under any federal or state plan as supplemented in the manner herein above described. In no event shall the City be required to expend for such purposes an amount which, when added to the contributions or taxes required of the City under the federal or state act, shall exceed the amounts paid at the time such legislation becomes effective. 22.4.3 If the benefits provided under the federal or state act exceed the benefits provided hereunder in each category of coverage, the City shall be under no further obligation to make any contribution. 22.5 Life Insurance The City agrees to offer to eligible employees life insurance equal to one and one half (1.5) times the employee's annual salary. 22.6 Contributions/Prorations to Health and Cafeteria Plans All full-time and part-time employees shall be allowed up to one full pay period of non -paid status per month without any proration to cafeteria plan payments. Any full-time employee who exceeds one full pay period of non -paid status in a month would have their cafeteria plan payment prorated based upon the number of additional hours in non -paid status during that month, except where such pro -ration is prohibited by law. 22.7 Vision Care The City will contract with Vision Service Plan (VSP) or comparable vision care provider to provide vision care benefits for employees and their dependents. The Vision Service Plan B provides for an exam every 12 months, lenses every 12 months if needed, and frames every 2 years if needed. There is no deductible for employees, but a $20.00 per person deductible will apply to dependents each time benefits are available and will be paid by the employee. 22.8 Long Term Disability The City will contract to provide Long Term Disability Insurance for SEIU employees. The City, for the term of this agreement, will pay the full cost of the basic rate (basic rates provides for up to a $3,000 maximum monthly payout). A buy -up option will be included to offer the employee the opportunity to increase their coverage, at his/her own expense, up to an additional $3,000 monthly payout. The total maximum monthly payout available will be $6,000. ARTICLE 23 - RETIREMENT 23.1 Retirement Plan Tier 1: For employees hired prior to October 24, 2011, retirement benefits for employees shall be those established by the California Public Employees' Retirement System (CaIPERS) for Local Miscellaneous Members under the two and seven -tenths percent (2.7%) at age fifty-five (55) formula. For such employees, the City has contracted with CaIPERS to provide a retirement benefit calculated based on the highest average pay rate during twelve (12) consecutive months of employment. 44