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event, and may require proof of insurability for such employee and/or eligible <br /> dependents. <br /> 11.3 Long-Tenn Disability((L.T.D.) Insurance. For employees covered by this MOU, the City <br /> shall pay one hundred percent (100%) of the premium cost for a sixty(60) day elimination <br /> period long term disability insurance plan with a maximum benefit of ten thousand dollars <br /> ($10,000)per month for employee only coverage. <br /> 11.4 Life Insurance. The City shall continue to pay one hundred percent(100%)of the premium <br /> cost for term life insurance coverage under the policy it maintains on behalf of employees <br /> in order to provide employees covered by this MOU with life insurance coverage in an <br /> amount equal to two (2) times employee's annual rate of salary to a maximum of three <br /> hundred thousand dollars ($300,000) provided said employees can provide evidence of <br /> insurability of coverage, if so required by the terms and conditions of said term life <br /> insurance policy. <br /> In the event any such employee is determined to be ineligible for said insurance coverage, <br /> the City will attempt to provide as much coverage as may be obtained at reasonable cost <br /> not to exceed the actual monthly premium amount allotted for said coverage without having <br /> to provide evidence of insurability. <br /> 11.5 The City shall retain the right to change health, dental and life insurance carriers, <br /> administer the insurance benefits provided thereunder, and select and/or change any excess <br /> or supplemental insurance carriers as a part of any self-insurance plan during the term of <br /> this MOU, provided that employees covered by this MOU continue to receive equivalent <br /> benefits and provided that the parties have met and conferred before the benefits changes <br /> are made. <br /> 11.6 Retirement Health Savings (RHS) Plan. Employees participate in the City's Retirement <br /> Health Savings Plan (RHS) subject to the following: <br /> A. One and one-quarter percent (1.25%) will be deducted from each employee's base <br /> pay and deposited into their individual RHS account each pay period. This <br /> contribution shall be made on a pre-tax basis. <br /> B. The City will contribute one percent (1%) of the employee's base pay deposited <br /> into their individual RHS account each pay period. <br /> 11.7 Vision Plan. The City shall maintain in effect a vision care plan for employees covered by <br /> this MOU and their eligible dependents. <br /> A. Effective January 1, 2026 The City shall contribute a maximum amount of fifteen <br /> dollars and seventy-five cents ($15.75)per month for each employee toward the <br />