For Employees Hired on or After January 1, 2019 (Tier. III) Employees in Tier III are only eligible to the medical benefits identified in Section 15.2(a), except that retired employees in Tier III who were Geo based, where Kaiser is not available, shall also receive an allowance of $75/month toward post-retirement healthcare. To summarize, employees must have at least ten (10) years of CalPERS credited service, five (5) of which must be served at NCPA, to be eligible to receive post-retirement health benefits up to 50% of the Kaiser Senior Advantage – Employee & 1 Dependent Rate Region One (1) (CalPERS Supplement/Managed Medicare) monthly rate as established in 15.2(a). The Agency’s monthly contribution as a percentage of the Kaiser Senior Advantage – Employee & 1 Dependent rate Region One (1) increases by 5% per year thereafter so that by 20 years of service the employee is eligible to receive up to 100% of the Kaiser Senior Advantage Employee & 1 Dependent Rate – Region One (1) (CalPERS Supplement/Managed Medicare) monthly rate. Under this vesting schedule, employees who retire from the Agency with at least five years of Agency service shall receive a contribution towards their post-retirement health benefits based on the following table: Total Credited Years of Service % of Agency Contribution* 10 50 % 11 55 12 60 13 65 14 70 15 75 16 80 18 90 19 95 20+ 100
