COALITION of SANTA MONICA CITY EMPLOYEES

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• COALITION of SANTA MONICA CITYEMPLOYEES

• BENEFIT
• TRUST
• General Membership Meeting
• December 3, 2008

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Benefit Trust What Is It?

• In July 2001 the Coalition implemented a retiree
  medical benefit plan, for retirees of the City of
  Santa Monica who are represented by bargaining
  units in the Coalition.
• This benefit plan provides for partial health
  premium reimbursement after retirement.

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Trustees

• Carl Olson, Chair, STA
• Mary Ann Yurkonis, RCB
• Lyn Beckett Cacciatore, PAU
• Claudia Brick, PALSSU

• Vacancy, UTU
• Kathy Chang, ATA
• Jory Wolf, EPP
• Candace Tysdal, MTA
• Stephen Demmer, MEA
• Ken Ward, MEA

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Q. What Kind Of Benefits Are Covered?

• A. Reimbursement towards the cost of health
  insurance premiums after retirement.

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Q. How Do I Become Eligible? (current EEs)

• A. Eligibility Requirements
• Minimum of 5 years active service
• Must be Age 58
• Ceases Employment w/City on or after the date he
  or she becomes eligible to receive retirement
  benefits (currently age 50)
• Contributions have been made to the Plan for All
  Years of Active Service

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For Those Hired on or After January 1, 2009

• A. Eligibility Requirements
• Minimum of 10 years active service
• Must be Age 58
• Ceases Employment w/City on or after the date he
  or she becomes eligible to receive retirement
  benefits (currently age 50)
• Contributions have been made to the Plan for All
  Years of Active Service

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Q. When Will Benefits Begin?

• A. Benefits commence after retirement, if you
  meet eligibility requirements. Benefit payments
  began July 1, 2006. 99 retirees are currently
  receiving benefits.

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Q. What Is The Benefit Level?

• A. The current benefit level is set at
  250.00/month. (This benefit level could be
  modified depending on investment return,
  participation levels, etc.)

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Q. How Often Will I Get Paid?

• A. Eligible participants are reimbursed
  monthly.

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Q. Are These Benefits Taxable?

• A. No. Reimbursement benefits received from the
  Trust are tax free to the retiree. The IRS has
  granted tax exempt status to these trusts.

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Q. How Long Will Benefits Last?

• A. Currently the Plan is designed so that
  benefits last until the death of the retiree
  and his or her spouse. However, the Trustees
  reserve the right to modify the benefit schedule
  in order to maintain the long term financial
  stability of the Trust.

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• It is your responsibility to provide
• the Trust with updated address and dependent
  information. Failure to do so could result in
  loss or delay of benefits.

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NOTE

• This Summary has been designed to provide you
  with key information about the Retiree Medical
  Plan, but it does not provide all the details and
  limitations of the Plan. Exact specifications
  are provided in the Premium Reimbursement Plan
  of the Santa Monica City Employees Coalition
  Benefit Trust, as restated through July 1, 2007,
  which will prevail in case of conflict with this
  Summary Plan Description.

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QUESTIONS

• If you have questions about the Trust, please
  contact
• Ms. Cindi Forbes
• [phone] or
• e-mail cindi.forbes_at_delapro.com