Years or More of Service. Not Receiving PEMHCA Health Benefits A retired employee with twenty (20) or more years of service with the City of Petaluma who is not enrolled in the CalPERS health benefits program shall receive direct payments in the amount of one-hundred-forty dollars ($140.00) each month, effective the first month following the expiration of health benefit coverage.
Years or More of Service. If the employee has twenty-five (25) years, or more of continuous service, the employee shall be entitled to a lump sum payment equal to eighteen (18) months pay at the rate of pay the employee was earning at the time the position became redundant or surplus. Payment shall be made at the rate of pay (inclusive of any economic adjustment) the employee was earning when the position became redundant. It is agreed that the severance payments outlined in this Collective Agreement incorporates any pay in lieu of notice and/or severance pay provided under the Canada Labour Code.
Years or More of Service. Receiving PEMHCA Health Benefits A retired employee with twenty (20) years or more of service with the City of Petaluma, who (a) is a CalPERS annuitant as defined in Section 28.1; and (b) is enrolled in the CalPERS health benefit program, shall receive a benefit payment of the minimum PEMHCA contribution as set by CalPERS. It is the responsibility of the retiree to notify the City in writing if he or she is no longer participating in the CalPERS health benefit program. Following receipt of the written notice, the City will commence direct payment of the amount above at the beginning of the following month.
Years or More of Service. If the employee has twenty -five years, or more, of continuous service with the Employer, a lump sum payment equal to eighteen
Years or More of Service. Receiving PEMHCA Health Benefits A retired employee with twenty (20) years or more of service with the City of Petaluma who is a CalPERS annuitant as defined in Section 27.1 and enrolled in the CalPERS health benefit program shall receive a benefit payment of one hundred and fifty-six dollars and eighty-three cents ($156.83) per month as specified in this section. The City’s PEMHCA contribution amount is deducted from the retiree’s monthly health premium and paid to CalPERS directly by the City. Should the minimum PEMHCA amount remain below $156.83, the difference between $156.83 and the minimum PEMHCA will be sent directly to the retiree. The following chart indicates the amount of the City’s PEMHCA contribution and the amount of the cash payment to the retiree in the coming years. Calendar Year City Monthly PEMHCA contribution City Monthly Cash Retiree Benefit Total Benefit Amount 2023 $151.00 $5.83 $156.83 2024 $157.00 $0 $157.00 2025 Minimum PEMHCA contribution as set by XxxXXXX 2026 Minimum PEMHCA contribution as set by XxxXXXX It is the responsibility of the retiree to notify the City in writing if he or she is no longer participating in the CalPERS health benefit program. Following receipt of the written notice, the City will commence direct payment of the one hundred fifty-six dollars and eight-three cents ($156.83) at the beginning of the following month.
Years or More of Service. Not Receiving PEMHCA Health Benefits A retired employee with twenty (20) or more years of service with the City of Petaluma, who retired prior to July 1, 2015 and who is not enrolled in the CalPERS health benefits program, shall receive direct payments in the amount of one-hundred-twenty dollars ($120.00) each month, effective the first month following the expiration of health benefit coverage. A retired employee with twenty (20) or more years of service with the City of Petaluma, who retired on or after July 1, 2015 and who is not enrolled in the CalPERS health benefits program, shall receive direct payments in the amount of one-hundred-forty dollars ($140.00) each month, effective the first month following the expiration of health benefit coverage.
Years or More of Service. Not Receiving PEMHCA Health Benefits
Years or More of Service. Receiving PEMHCA Health Benefits A retired employee with twenty (20) years or more of service with the City of Petaluma who is a CalPERS annuitant as defined in Section 28.1 and enrolled in the CalPERS health benefit program shall receive a benefit payment of one hundred and fifty-six dollars and eighty-three cents ($156.83) per month as specified in this section. The City’s cash retiree benefit is sent directly to the retiree. The following chart indicates the amount of the City’s PEMHCA contribution and the amount of the cash payment to the retiree in the coming years. Calendar Year City Monthly PEMHCA contribution City Monthly Cash Retiree Benefit Total Benefit Amount 2017 $128.00 $28.83 $156.83 2018 $133.00 $23.83 $156.83 2019 $136.00 $20.83 $156.83 2020 $139.00 $17.83 $156.83 2021 Minimum PEMHCA contribution as set by CalPERS Total benefit amount of $156.83 minus City monthly PEMHCA contribution $156.83 It is the responsibility of the retiree to notify the City in writing if he or she is no longer participating in the CalPERS health benefit program. Following receipt of the written notice, the City will commence direct payment of the one hundred fifty-six dollars and eight-three cents ($156.83) at the beginning of the following month.
