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<br />lø,3-¡4,Y <br /> <br />Fourth year: Effective the first full pay period that includes October 1, 2008, salaries will <br />be increased by the percentage change equal to the percentage change in the <br />Consumer Price Index (All Urban Consumers) for the San Francisco/Oakland/San Jose <br />Bay Area for the continuous twelve (12) month period ending with August 2008. <br /> <br />Retirement: <br /> <br />Upon agreement with all bargaining units containing Miscellaneous employees and <br />effective July 10, 2006, the City will contract with PERS to amend its current retirement <br />formula for Local Miscellaneous Members to the 2.7@ 55 formula. ' <br /> <br />3. <br /> <br />Resolution No. 14386 entitled, "Resolution Establishing a Salary and <br /> <br />Wage Plan for Employee Classifications Represented by the Redwood City <br /> <br />Management Employees' Association (RCMEA); and Rescinding Resolution No. 13585 <br /> <br />and Any and All Amendments Pertaining Thereto," adopted October 1, 2001, is hereby <br /> <br />rescinded. <br /> <br />4. <br /> <br />This Resolution shall be effective upon the date of its adoption. <br /> <br />* * * <br /> <br />Atty/Reso/Reso.1517 <br />020105 <br /> <br />2 <br />