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retirement, at each such employee's option and upon the employee1s commitment to retire, either a seven percent (7%) increase on the base salary or a seven percent (7%) payment toward the employee1s retirement . contribution. If the employee elects the seven percent (7%) salary increase, the increase shall not be reported in the salary schedule, but shall be subject to retirement deductions. Please refer to the appropriate Public Employees' Retirement booklet for details of the 2% at 60 or 2% at 50 formula retirement plan benefits. Educational Expense Reimbursement - Executive Service employees shall be eligible for reimbursement of costs of tuition, registration fees, books and supplies, and other educational expenses incurred in connection with enrollment in and successful completion of courses of instruction related to the employee1s position with the City or a higher position with the City. . . Effective October 1, 1991, an employee shall be eligible to receive reimbursement not to exceed six hundred-fifty dollars ($650.00) per fiscal year, provided that the courses of instruction require attendance at an accredited community college or university, are part of a curriculum leading to a degree or given by an accredited institution of learning, are approved in advance of enrollment by the Personnel Director and the employee's department head, and the employee successfully completes such course submitted for reimbursement with a grade of "C" or better. The Educational Expehse Reimbursement Program may be used for professional development workshops or seminars. Senior Executives shall receive an additional $750.00 per caiendar year which may be applied toward flexible benefit plans established by the City. The Personnel Officer may establish standards and criteria and enact such rules, regulations, procedures and policies as are necessary or appropriate to implement the provisions of this section. Use of Personal Vehicle and Mileage Payment Mileage Payment - The City shall reimburse employees for those miles employees are required to drive their personal vehicles in the performance of assigned job duties as follows: Actual costs to and from destination not to exceed a maximum computed at twenty-five and one-half cents ($.255) per mile for miles traveled both within and outside the City by carrier service, including any privately-owned conveyance; provided, however, that for travel to and from destination in excess of 300 miles said maximum shall not exceed actual coach air fare when such fare is less than the amount computed at the aforesaid rates. For the purposes of this subsection, the actual cost of fuel, maintenance, repairs, insurance and depreciation, shall be deemed equal to the maximum allowance provided for in this subsection. Any City employee who is required to keep available a privately-owned vehicle for use in traveling on City business during 16