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<br /> <br /> <br /> <br /> <br /> to 1%. Effective Fiscal Year 2011-2012, the City's annual contribution to the <br /> <br /> Medical Retirement Subsidy Plan for CASA employees shall revert back to <br /> 1.75%. <br /> <br /> 1. 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 /> <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 /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> CONFIDENTIAL ASSOCIATION OF SANTA ANA (CASA) MOU: 2010 - 2012 Page 47 <br /> 25E-49 <br />