Common use of Beginning July 1, 1998 Clause in Contracts

Beginning July 1, 1998. The City shall make available health insurance coverage to the employee and his or her spouse or domestic partner. The City will pay on the employee’s behalf no more than $166.26 per month for an employee electing single party health coverage and no more than $332.52 per month for an employee electing two party coverage. The actual monthly amount of money the City will contribute on the employee’s behalf will be based on the employee’s total years of CalPERS service as provided in the following chart: Years of CalPERS Qualifying Service Percent of City Contribution 8 30% 9 40% 10 50% 11 58% 12 66% 11 58% 12 66% 13 74% 14 82% 15 90% 16 92% 17 94% 18 96% 19 98% 20 100% The employee will pay the difference between the City’s monthly contribution and the actual monthly insurance premium charged by the health plan he or she has elected for retiree medical coverage. If during the term of this Agreement, the premiums for such health insurance are increased, the amount the City contributes shall increase no more than 4.5% above the previous year’s contribution. No increases in the amount the City contributes shall occur before July 1, 1999. Thereafter, any increase in the amount contributed by the City will occur on July 1 each year thereafter.

Appears in 7 contracts

Samples: Memorandum Agreement, Memorandum Agreement, Memorandum Agreement

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Beginning July 1, 1998. The City shall make available health insurance coverage to the employee and his or her spouse or domestic partner. The City will pay on the employee’s 's behalf no more than $166.26 per month for an employee electing single party health coverage and no more than $332.52 per month for an employee electing two party coverage. The actual monthly amount of money the City will contribute on the employee’s 's behalf will be based on the employee’s 's total years of CalPERS service as provided in the following chart: Years of CalPERS Qualifying Service Percent of City Contribution 8 30% 9 40% 10 50% 11 58% 12 66% 11 58% 12 66% 13 74% 14 82% 15 90% 16 92% 17 94% 18 96% 19 98% 20 100% The employee will pay the difference between the City’s 's monthly contribution and the actual monthly insurance premium charged by the health plan he or she has elected for retiree medical coverage. If during the term of this Agreement, the premiums for such health insurance are increased, the amount the City contributes shall increase no more than 4.5% above the previous year’s 's contribution. No increases in the amount the City contributes shall occur before July 1, 1999. Thereafter, any increase in the amount contributed by the City will occur on July 1 each year thereafter.

Appears in 1 contract

Samples: Memorandum Agreement

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