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• RETIREE MEDICAL COVERA~ <br />ELIGIBILITY <br />Medical Plan shall be changed as follows: <br />"You may also participate in this plan if you are a retiree of the City of La Porte receiving <br />retirement annuities as a qualified annuitant under the Texas Municipal Retirement System of <br />and have completed at least <br />3 ~"~""~'~"~~ consecutive ears of service with La Porte immediately prior to retirement. <br />`< ~ aC~; <br />PREMIUMS <br />The City of La Porte utilizes a self funded medical plan so there are no formal premiums paid <br />for health insurance. Each year, during the budget process, an amount is determined for each <br />employee to cover claims and administration of the medical fund. The current amount is <br />$4,500 per employee. <br />Costs to the retiree shall be based on a three tier plan: <br />The first tier shall be based on a point system consisting of a combination of age and <br />continuous years of service with the City of La Porte. Qualification for this coverage requires <br />age and years of service to total at least S0. <br />The City will pay 100°~ of coverage for eligible retirees. Dependent coverage shall be charged <br />at the active employee dependent rate. <br />For example: New hire at 20 years of age -Qualifies at age 50 with 30 years of service. <br />New hire at 40 years of age -Qualifies at age 60 with 20 years of service. <br />