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7.2.D. - Page 36 <br /> For Executive Management employees hired on or after January 1, 2013 who have ten <br /> (10) years of service and retire under the City's retirement, the maximum City <br /> contribution toward health plan coverage shall be equal to the premium paid for an <br /> 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 /> 1 establishing the following individual accounts for each active employee: <br /> A. Group Health Plan Medical Premiums <br /> B. Flexible Spending Account for Dependent Care <br /> C. Flexible Spending Account for Medical Expenses <br /> City Contribution: For the period July 1, 2011 through December 31, 2011, thc City's <br /> total maximum combined contribution per full time eligible active employee for the <br /> aforementioned Cafeteria Plan shall be equal to the amount of the Kaiser Family <br /> . rrcd by the City to maintain the <br /> Such costs include, but are not limited to surcharges, and /or administrative fees. <br /> Effective January 1, 2012, the City's monthly contribution for each eligible full -time <br /> employee for the aforementioned Cafeteria Plan shall be equal to ninety percent (90 %) <br /> of the premium of the health plan and level of coverage selected by the employee, up <br /> to ninety percent (90 %) of the CaIPERS Bay Area Kaiser Family Premium per employee, <br /> minus applicable administration fees. <br /> July 1, 2011 through December 31, 2011, funds remaining following the purchase of <br /> employee's flexible spending accounts. <br /> a,---Health Savings /Cash Option ; - - ; = . _ , ! _ _ = e - <br /> than thc K-a+scr Family Premium, the City and the employee shall share equally <br /> e ' ■ _ - - - - - - - - - - - - - - - - - - - - - - <br /> c o u l d ld receive under this provision is 50% of $205.00 or $102.50 per month. An <br /> _ - <br /> 12 <br />