SANTA ANA FIRE MANAGEMENT ASSOCIATION (FMA)

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In the event any such employee is determined to be ineligible for said insurance coverage, the City will attempt to provide as much coverage as may be obtained at reasonable cost without having to provide evidence of insurability. 11.5 The City shall retain the right to change health, dental and life insurance carriers, administer the insurance benefits provided thereunder, and select and/or change any excess or supplemental insurance carriers as a part of any self- insurance plan during the term of this Agreement, provided that employees covered by this Agreement continue to receive equivalent benefits and provided that the parties have met and conferred before the benefits changes are made. 11.6 Optional Association Benefit Plans. By majority vote, Association members may opt to receive cash equivalent of premium contributions made by City on behalf of employees and dependents, to purchase group health and/or group dental and/or group ..L.T.D. insurance coverage through the Association or its Agent provided, however, all members of the Association waive, in writing, coverage under City - sponsored group health and/or group dental and/or group L.T.D. 11.7 Medical Retirement Subsidy Plan. Based on the first payroll period in October, 2001 and no later than October 31st each year thereafter for the term of this Agreement, the City shall contribute to a fund an amount of money equal to one percent (10) of the bargaining unit's salary base for the purpose of providing a retiree health insurance subsidy plan. Eligibility for and the specific payments made to members of the bargaining unit pursuant to this plan shall be designated at the sole discretion of the Association. Members represented by this Agreement who are not or have not been enrolled in any of the City's medical insurance plans shall remain eligible for this benefit. Members covered by this Agreement who participated in. the Medical Retirement Subsidy Plan with the Santa Ana Firemen's Benevolent Association (SAFBA) and have promoted into the Fire Management Association (FMA) shall retain his/her investment with the SAFBA's Medical Retirement Subsidy and continue to receive benefits in accordance with the SAFBA Medical Retirement Subsidy Plan. The plan shall be administered by the City, at no cost to the Association or its members pursuant to the written directives of the Association. The funds contributed by the City will be maintained in such a manner as to insure that the funds are invested in a .reasonably secure plan that bears a reasonable rate of interest/growth given current financial markets. For purposes of this Agreement, investments made pursuant to the then curren'- Statement of Investment Policy for the City of Santa Ana, shall be deemed to meet the requirements of this section. This program is for medical insurance premium 40