Laserfiche WebLink
<br />32 <br /> <br />A. Tier 1: For retirees hired by the City before September 1, 2018, the stipend <br />shall be the amount of the premium for employee only coverage in the plan <br />selected by the retiree, not to exceed the amount of the CalPERS Bay Area <br />Kaiser Premium for family coverage. The City will pay the PEMHCA <br />minimum employer contribution to CalPERS and reimburse the retiree for <br />the remaining difference in premium amount. <br /> <br />For Tier 1 retirees hired by the City before September 1, 2018 who reside in <br />other higher priced regions, the City’s contribution shall not exceed the <br />amount of the premium for employee only coverage in the plan selected by <br />the retiree, not to exceed the amount of the CalPERS Bay Area Kaiser <br />Premium for family coverage based on the Bay Area Regional pricing <br />schedule. The retiree will be required to pay the additional premium amount <br />that is in excess of the Bay Area rates. <br /> <br />For Tier 1 retirees who separate employment via a service retirement during <br />the term of this MOU, this benefit shall continue until a member becomes <br />eligible for Medicare. Once a member becomes eligible for Medicare, the <br />City will pay a stipend in the amount of the cost of single party coverage in <br />the CalPERS Medicare supplemental plan selected by the retiree, not to <br />exceed the amount of the CalPERS Bay Area Kaiser Premium for family <br />coverage based on the Bay Area Regional pricing schedule. The City will <br />pay the PEMHCA minimum employer contribution to CalPERS and <br />reimburse the retiree for the remaining difference in premium amount. When <br />the retiree becomes eligible for Medicare, the City will not reimburse the <br />retiree for Medicare Parts A and B. <br /> <br />B. Tier 2: For retirees hired by the City on or after September 1, 2018, the <br />stipend shall not exceed ninety percent (90%) of the CalPERS Bay Area <br />Kaiser Premium for employee only coverage. The City will pay the <br />PEMHCA minimum employer contribution to CalPERS and reimburse the <br />retiree for the remaining difference in the City’s contribution amount. <br /> <br />For Tier 2 retirees hired by the City on or after September 1, 2018, who <br />reside in other higher priced regions, the City’s contribution shall not exceed <br />ninety percent (90%) of the CalPERS Bay Area Kaiser Premium for <br />employee only coverage. The retiree will be required to pay the additional <br />premium amount that is in excess of the Bay Area rates. <br /> <br />For Tier 2 retirees who separate employment via a service retirement during <br />the term of this MOU, this benefit shall continue until a member becomes <br />eligible for Medicare. Once a member becomes eligible for Medicare, the <br />City will pay the member a stipend that shall not exceed the employee only <br />cost of the “Kaiser Permanente SR Advantage Plan.” Should that plan be <br />abolished, the City will pay members a stipend not to exceed the employee <br />only cost of the next most comparable plan. The City will pay the PEMHCA <br />minimum employer contribution to CalPERS and reimburse the retiree for <br />the remaining difference in premium amount. When the retiree becomes <br />eligible for Medicare, the City will not reimburse the retiree for Medicare <br />Parts A and B. <br /> <br />6.H. - Page 40 of 72 <br />382