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Plan Provisions <br />Following is a summary of the major plan provisions used to determine the plan's financial position. It should not be used in determining plan <br />benefits. We have reflected the most recent contracts /provision provided to us. <br />Contract Group <br />Access to Group Ins <br />Eligibility <br />Monthly Blended Premium <br />Subsidized Benefits <br />Medical Eligibility <br />Retiree Benefit <br />Spouse Benefit <br />urance <br />Age <br />Seance <br />Medical <br />Age <br />Service <br />Law Enforcement Personnel <br />All Other City Employees <br />50 55 <br />3 3 <br />2012 blended premium is $573 for single and $821 for family / Valued to Medicare EligibilitV <br />50 (and eligible for PERA annuity) <br />15 <br />50% (100% with 25 years of seance) of the active <br />contribution to medical premium for 3 years or until <br />Medicare eligibility, whichever is earlier <br />2011 -2012 City Contribution to medical insurance <br />is $737.02 Union employees and 85% of premium <br />for Non -Union Employees <br />None <br />62 <br />15 <br />50% (100% with 25 years of service) of the active <br />contribution to the medical premium until Medicare <br />eligibility <br />2011 -2012 City Contribution to medical insurance is <br />$737.02 Union employees and 85% of premium for <br />Non -Union Employees <br />None <br />The access to medical insurance for retirees could possibly happen prior to age 55 (due to certain pension provisions). For OPEB valuation purposes, <br />we have assumed the first access eligibility ages to be 50 and 55, respectively. <br />"'Service requirement is 5 years for employees hired after July 1, 2010. The effect of this vesting change as of January 1, 2012 is immaterial and is not included in this report. <br />Changes from prior valuation <br />0 None. <br />City of Pequot Lakes <br />Page 18 <br />