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3% at age 50 formula for Fire Chief, <br />2.7% at age 55 formula for all other eligible Executive Unit employees <br />2. One year final compensation <br />3. Military buyback <br />4. Post -Retirement Survivor Allowance for Fire and Police Chiefs <br />SECTION 5: PERS FORTH LEVEL SURVIVOR BENEFIT <br />The City will provide Ca1PERS 1959 Forth Level Survivor benefits to all miscellaneous employees of the City <br />of Colton as set forth in Sections 21571 - 21583 of the Government Code. <br />SECTION 6: RETIREE MEDICAL <br />1. Effective October 1, 2003, Group B, C, and D members, who retire, with either a service or disability <br />retirement, from City employment may, at the retiree's discretion, choose to enroll in any available <br />City -provided health insurance plan. Employees who retire shall be eligible for City -paid medical <br />insurance coverage until eligible for Medicare based on the formula set forth below. Upon becoming <br />eligible for Medicare, the employee may maintain medical insurance with the City by paying one <br />hundred percent (100%) of his/her premium and any related spouse or dependent* premium. If the <br />retiree is ineligible for Medicare benefits, the City will continue to pay the premiums under the formula <br />set forth below, provided the employee remains eligible for coverage under the City -provided health <br />insurance plan. The retiree is responsible for any portion of the health care premium (including any <br />applicable spouse or dependent coverage) not covered by this formula. Participation in any health <br />insurance plan, whether at the City's or the employee's expense is subject to any rules and conditions <br />imposed by the carrier as well as contingent upon as well as contingent upon the carrier's approving the <br />enrollment of the retiree and any applicable spouse or dependent. Further, the retiree, spouse or <br />dependent shall be financially responsible for complying with any carrier -imposed rule or condition. <br />Retirees shall receive premium dollars based on the following: <br />Years of <br />Service <br />with Colton <br />Percentage of <br />Cafeteria <br />Dollars <br />Years of <br />Service with <br />Colton <br />Percentage <br />of Cafeteria <br />Dollars <br />5 <br />40% <br />18 <br />66% <br />6 <br />1 42% <br />19 <br />68% <br />7 <br />44% <br />20 <br />70% <br />8 <br />46% <br />21 <br />72% <br />9 <br />48% <br />22 <br />74% <br />10 <br />50% <br />23 <br />76% <br />11 <br />52% <br />24 <br />78% <br />12 <br />54% <br />25 <br />80% <br />13 <br />56% <br />26 <br />82% <br />14 <br />58% <br />27 <br />84% <br />15 <br />60% <br />28 <br />86% <br />16 <br />62% <br />29 <br />88% <br />17 <br />64% <br />30 <br />90% <br />2. The retiree may use the allotted dollar amount to purchase medical insurance for himself or herself and <br />their legal dependents. The percentage is based on the monthly Cafeteria Plan allowance for active city <br />employees. The dollar amount may fluctuate in future years based on the Cafeteria Plan allowance <br />Page 4 of 13 <br />MOU Executive Unit <br />06/20/07 3:30 pm <br />