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TENTATIVE AGREEMENT BETWEEN 7.2.A. - Page 20 <br /> CITY OF REDWOOD CITY AND <br /> SAN MATEO COUNTY FIRE IAFF LOCAL 2400 <br /> RE: SUCCESSOR MOU <br /> The City has the right to discontinue the bilingual differential at any time based on changes <br /> to the business needs, provided that the City gives the exclusive representative ten (10) <br /> days notice prior to such revocation, in order to allow the opportunity for the parties to <br /> meet and confer. <br /> 7.17 Exit Incentive Plan (EIP) - DELETE <br /> and including the date this MOU is signed by the Parties and June 30, 2012, will be eligible <br /> to receive a payment under the City's EIP equivalent to the coat of purchasing two years of <br /> Council appro -ed tax deferred IRC Section 401(a) Plan. The details of that Plan arc set forth <br /> in the Plan Document dated January 1, 2004. The City may amend said Plan from time to <br /> of the EIP before receiving the benefit. <br /> 7.18 VEBA Retiree Health Savings (RHS) Plan: - . . . ' . . <br /> Redwood City will offer a Voluntary Employee Benefit Association (VEBA) plan, through a <br /> bargaining group. Upon separation from City of Redwood City service, employees may <br /> The Ci shall continue to +rovide a Retirement Health Savings RHS +Ian under IRS Code <br /> 213 for members to set aside pre -tax money for payment of post - employment qualified <br /> medical expenses that will be incurred after separation of service. The plan will cover <br /> retiree, spouse or dependent reimbursements for eligible medical and dental out -of- pocket <br /> expenses such as premiums, prescription drugs, doctor co -pays and eyeglasses. The plan <br /> may be funded by accrued vacation leave com pensatory time, sick leave payout or a <br /> portion of it) and /or payroll deductions. Contributions to the plan must be uniform across <br /> bargaining unit members and may be changed annually at the Union's determination. <br /> 8.1 Paid Holidays <br /> The following shall be paid holidays tfor all employees who are covered by this MOU: <br /> 1, New Year's Day <br /> 2. Martin Luther King, Jr. Day (observed on the third Monday in January) <br /> 3. Washington's BirthdayPresidents' Day (Observed on the third Monday in February) <br /> 4. Memorial Day (Observed on the last Monday in May) <br /> 5. Independence Day <br /> 6. Labor Day (Observed on the first Monday in September) <br /> 7. Veterans Day (Observed November 11) <br /> S. Thanksgiving Day <br /> 9. The Day after Thanksgiving <br /> Page 16 of 16 <br />