(A) Beginning on the effective date, the city shall provide health care benefits to each retiree participant and, if elected, to his or her eligible spouse and eligible dependents. The benefits provided under the plan are those set forth in the contract(s). The contract(s) are incorporated herein by this reference. A complete description of benefits provided under the plan shall be maintained by the city and/or the plan administrator.
(B) Except as provided under § 33.04, the city reserves the right to change or terminate the trust at any time and for any reason, for any group or class of retirees as well as for all retirees. Correspondingly, the city may change the level of benefits provided, eliminate an entire category of benefits, or change self-payment amounts, deductibles and co-pays at any time and/or for any reason.
(Ord. 08-03, passed 9-4-2008)