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1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />for complying with any carrier -imposed rule or condition. Retirees <br />shall receive premium dollars based on the following: <br />Years of <br />Service <br />with <br />Colton <br />Percentage <br />of <br />Cafeteria <br />Dollars <br />Years of <br />Service <br />with <br />Colton <br />Percentage <br />of <br />Cafeteria <br />Dollars <br />5 <br />40% <br />18 <br />66% <br />6 <br />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 />B. The retiree may use the allotted dollar amount to purchase medical <br />insurance for himself or herself and their legal dependents. The percentage is based on the <br />monthly Cafeteria Plan allowance for active city employees. The dollar amount may fluctuate <br />in future years based on the Cafeteria Plan allowance determined by City Council. However, <br />the dollar amount will never go below the amount the employee will receive when he/she <br />retires. <br />C. In the event the retiree and/or dependent premium exceed the <br />allowance amount per the above schedule/formula, the retiree shall be billed for and must pay <br />the excess/difference on a monthly basis. If the retiree fails to remit payment within 60 days <br />after the billing date, enrollment in the city's plan shall be permanently cancelled for the <br />retiree and any related spouse and dependents. <br />D. In the event the retiree moves out of state to an area where the city's <br />health insurance carriers do not provide coverage, the retiree must show proof of health <br />insurance coverage and payment of monthly premiums before reimbursement, subject to the <br />aforementioned formula limits. <br />E. If the premium cost is less than the amount allocated by the formula, <br />the retiree does not receive the difference. Additionally, there is no opt -out money paid to the <br />retiree. <br />Resolution No. R-106-14 <br />Page 6 of 15 <br />