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• RETIREE MEDICAL COVERAG41 <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 <br />System and have <br />completed at least S consecutive years of service with La Porte immediate) <br />rior to retirement. <br />Q <br />PREMIUMS <br />The City of La Porte utilizes a self -funded medical plan so there are no formal premiums <br />paid for health insurance. Each year, during the budget process, an amount is <br />determined for each employee to cover claims and administration of the medical fund. <br />The current amount is $4,500 per employee. . <br />Costs to the retiree shall be based on a two tier plan: <br />The percentages paid by the retiree shall be based on the budgeted amount discussed <br />in paragraph one of this section. <br />Continuous <br />Years of Service with La Porte Retiree Cost City Cost <br />At least 10 but less than 15 55% 45% <br />At least 15 but less than 20 25% 75% <br />At least 20 0% 100% <br />Dependent coverage,shall be charged at the active dependent rate. <br />