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For Executive Management employees who have five (5) years of service and retire <br /> under the City's retirement, the maximum City contribution toward health plan coverage <br /> shall be equal to the premium paid for an active employee. <br /> In the event there are any costs not charged to the City due to delays by PERS and/or <br /> other administrative agencies in calculating or reporting these costs, said costs shall be <br /> carried over and charged as administrative costs to the following plan year and <br /> deducted from the aforementioned monthly dollar caps accordingly . <br /> The City shall establish in accordance with Section 125 of the IRS Code a Cafeteria Plan <br /> establishing the following individual accounts for each active employee <br /> A. PERS Medical Premiums <br /> B. Dependent Care <br /> C. Health Care Reimbursement <br /> The City's maximum monthly contribution for each active employee for the <br /> aforementioned Cafeteria Plan shall be equal to the Kaiser Family Premium per <br /> employee minus any costs incurred by the City to maintain said Cafeteria Plan in <br /> compliance with IRS Code Section 125, and minus any costs incurred by the City to <br /> maintain the Health Benefits Plans. Such costs include, but are not limited to <br /> surcharges, and/or administrative fees. <br /> Any funds remaining at the end of the fiscal year in each individual Cafeteria Plan <br /> account shall be returned to the general fund for use consistent with IRS Code Section <br /> 125 . <br /> a . deaf avhigs / Cas Opdon o If an employee elects a City health plan or <br /> coverage which costs less than the Kaiser Family Premium, the City and the <br /> employee shall share equally the difference between their elected coverage/non- <br /> coverage to a maximum total shared savings of $205. 00 per month . For <br /> example, the maximum an employee could receive under this provision is 50% of <br /> 5205 . 00 or $ 102 . 50 per month . An employee's savings under this provision shall <br /> be at least five dollars (S5 . 00) . An annual open enrollment period shall be <br /> provided to each employee to determine which plan these savings are to be <br /> allocated. <br /> If an employee elects no health coverage and shows evidence of other coverage, <br /> as a second health savings/cash option the City and the employee shall share <br /> equally the amount designated as the City's actual maximum monthly <br /> contribution. <br /> � Dentall Disuranica - The City shall continue to provide to eligible employees <br /> and dependents, including domestic partners, fully paid dental insurance. <br /> 1 1 <br />