Section 1. Insurance. The current coverage for health and life insurance shall remain in full force and effect during the length of the Agreement. In the event coverage is canceled through no fault of Employer, the Employer agrees to provide at least the same premium dollar for individual coverage as it is providing now in replacing the health and life insurance plan. No contribution shall be made by Employer toward dependent coverage premiums.
The Employer shall reimburse said officers for any deductible assessed up to a limit of One Hundred Fifty Dollars ($150.00), if said deductible is applied to any one (1) illness or disability. Effective December 1, 2006, the Employee responsibility for deductibles will increase from One Hundred Dollars ($100.00) to Three Hundred Dollars ($300.00), and the Employer shall reimburse said officers for any deductible above Three Hundred Dollars ($300.00).
Section 2. Pensions. Employer shall continue to contribute on behalf of the officers to the Illinois Municipal Retirement Fund in the amount the Employer is required to contribute by state statute.