Retirement Benefit Changes Before 2005 Sample Clauses

Retirement Benefit Changes Before 2005. Notwithstanding any provision in this MOU to the contrary, the retiree health benefits for employees who retire on or after April 1, 2012 are determined by the City's MOU (including amendment with Local 911), which the City Council adopted by San Diego Ordinance O-20132 (February 17, 2012) and amended by San Diego Ordinance O-20172 (June 26, 2012), and amended by Chapter 2, Article 9 of the San Diego Municipal Code. The following paragraphs 1 through 3 are provided solely for historical purposes and have no effect. 1. Effective July 1, 2002, a “Health Eligible Retiree,” as defined in the Municipal Code, will have the applicable Medicare eligible or non-Medicare eligible insurance premiums paid for the Health Eligible Retiree-only insurance, or the Health Eligible Retiree will be reimbursed the actual cost incurred from the Medicare eligible or non-Medicare eligible retiree-only premium up to the maximum amount allowed in Municipal Code Division 12. Municipal Code Division 12 will be amended to set the maximum amounts to be paid on behalf of or reimbursed to a Health Eligible Retiree for retiree-only Medicare eligible or non-Medicare-eligible health insurance premiums based on the premium for City-sponsored PPO plan for Fiscal Year 2003 and annually adjusted thereafter based on the Centers for Medicare & Medicaid Services, Office of the Actuary, projected increase for National Health Expenditures for the full year period ending in the January preceding the start of the new plan year; such adjustment shall not exceed 10% for any given year. The maximum amount of monies reimbursed to Health Eligible Retirees will be 100% of such Medicare-eligible or non-Medicare eligible retiree-only premium. Pursuant to this provision, the based monthly maximums are established for Fiscal Year 2003 as follows: a. For Non-Medicare eligible retirees: $489.16 b. For Medicare eligible retirees: $460.67 2. Health Eligible Retirees may choose to participate in a City-sponsored health insurance plan or any other health insurance plan of their choice 3. Additionally, the Retirement System will reimburse the Part B Supplemental Medical Expense Premium for those Health Eligible Retirees enrolled in Medicare.