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RESOLUTION NO, 78-144 PAGE TWO ii. If said officer has one or more dependents included under the program, an amount equal to that proportion of the total premium applicable to the "family plan" covering said officer and his or her dependents that is paid by the City on behalf of other officers and employ- ees. (c) Retirement Benefits Effective July 1, 1976, or as soon there- after as practicable, the City shall amend its contract with the Public Employees' Retirement System of the State of California (PERS) so as to improve the retirement program for said officer by providing military service credit benefits. Thereafter such officer will be per- mitted to exercise the option to "buy-back" or have "bought-back" on his or her behalf, his or her prior military service, to the extent per- mitted and in accordance with the terms and con- ditions of Section 20930.3 of the California Government Code, with such officer being obli- gated to "buy-back" all completed military service occurring subsequent to the effective date of the City's contract with PERS and the City being obligated to "buy-back'' on behalf of such officer military service occurring prior to the effective date of said contract. (d) Option to Convert Termination Payment for Unused Sick Leave to Health Insurance Benefits Effective from and after July 1, 1976, such officer shall have the option to convert that lump sum payment for unused sick leave benefits avail- able to him or her pursuant to the provisions of Section 9-169 of the Santa Aha Municipal Code into an obligation on the part of the City to pay on behalf of said officer and his or her dependents, if any, all health insurance premiums for said officer and any dependents necessary to cause said officer and any designated dependents to receive the full benefits available under the health insurance program then maintained by the City on behalf of its employees and their depend- ents; provided, however, that the City's obliga- tion to pay such premiums shall terminate as soon as one of the following events occurs: i. The payment of said premiums for a period of five (5) years beyond termination of employment; or ii. The payment of premiums, after termination of employment, in a sum equal to one hundred fifty percent (150%) of the amount of said lump sum payment that the officer would have received for unused sick leave benefits has this option not been elected.