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to 1%. Effective Fiscal Year 2011-2012, the City's annual contribution to the <br />Medical Retirement Subsidy Plan for CASA employees shall revert back to <br />1.75%. <br />If during the term of this Agreement, the City modifies the <br />contribution amount for any other bargaining unit's medical <br />retirement subsidy plan, the City and CASA agree to reopen this <br />provision of the Agreement and commence discussions <br />regarding the contribution amount. <br />B. The plan shall be administered by the City, at no cost to CASA or its members <br />pursuant to the written directives of CASA. The funds contributed by the City <br />shall be maintained in such a manner as to ensure that the funds are <br />invested in a reasonably secure plan that bears a reasonable rate of <br />interest/growth given current financial markets. For purposes of this <br />Agreement, investments made pursuant to the then current Statement of <br />Investment Policy for the City of Santa Ana, shall be deemed to meet the <br />requirements of this section. This program is for medical insurance premium <br />reduction only. <br />CONFIDENTIAL ASSOCIATION OF SANTA ANA (CASA) MOU: 2010 - 2012 Page 47 <br />25E-49