Tier 1 Retiree Medical Benefits. 1. Tier 1 retirees who enroll in the CalPERS (PEMHCA) Health Plans shall be eligible to receive the CalPERS (PEMHCA) minimum employer contribution toward their medical plan. Retirees who opt out of enrollment will not receive the CalPERS (PEMHCA) minimum employer contribution. 2. For Tier 1 retirees who enroll in the CalPERS (PEMHCA) Health Plans, the City will also contribute directly to the retiree the balance of the cost of the Retiree Medical Benefit consistent with the value of the vested benefit for Tier 1 employees. The vested benefit is the value of the actual premium cost for the plan and coverage level selected, up to a maximum of 100% of the medical average premium rates for the CalPERS (PEMHCA) Health Plans for the region that includes the City of Ontario. The maximum monthly Retiree Medical Benefit Contribution includes the CalPERS (PEMHCA) minimum employer contribution. To the extent permitted by the IRS, this contribution shall be made on a pre-tax basis.
Appears in 4 contracts
Samples: Memorandum of Understanding, Memorandum of Understanding, Memorandum of Understanding
