SANTA ANA POLICE MANAGEMENT ASSOCATION (2008-2014)

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contribute toward medical premiums an nmount consistent with the rates then in effect for the "employee-only" and "family" tiers, respectively, of the CaIPERS Kaiser "Other Southern Californin" EelRC~S HMO plan. The "employee only" tier applies to employees who have no dependents. Effective 7anuory 1, 2006, the City s-ke41• established a Cnfeteria Benefit Plon for employees covered by this Agreement. 12.7 Medical Retirement Subsidy Plan. A. Effective July 1, 1998, , the City begun contributea#ing an amount equal to one-half of one percent (.5%) of the bargaining unit's salary base for the purpose of providing a retiree health insurance subsidy plan. The specific payments made to members of the Association pursuant to this plan shnll be designated at the sole discretion of the Association, The plan shall be administered by the City, at no cost to the Association or its members, 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 current Statement of Investment Policy for the City of Santa Ana, shall be deemed to meet the requirements of this section. Effective June 30, 2002, this .5% contribution is was eliminated. B. Effective July 1, 2002, employees covered by this Agreement SheN-begin began contributing one-half percent (.5%) of their base salary, plus pny additives, through payroll deduction to the above-specified fund currently maintained by the City. This payroll deduction for retiree health insurance premium reduction assistance will continue until such time as the parties may mutunlly agree to end said deduction. C. Effective October 1, 2006, -a ^~`-`'° ', '^^~, °`~~•^'•• the City shed began contributeing erg-s~i#+ene1 one-half of one percent (.5%) of the bargaining unit's salary base, plus pny ndditives, for the purpose specified herein. T#tis ° D. Effective October 1, 2008, the City shall contribute nn additional four tenths of one percent (.409'x) for a total City contribution of nine tenths of one percent (.90ye) of the bargaining unit's snlnry base, plus pny additives, for the purpose specified herein.