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<br />6.10 <br />Page 36 <br /> <br />16.5 Length of Service <br /> <br />The department shall keep an up-to-date length of service list of all employees <br />covered by this MOU, and post the length of service list in a conspicuous place. <br />This provision is for the convenience of the parties and in case of any disputes <br />concerning the accuracy of the posted list, the grievance procedure may be <br />utilized. <br /> <br />SECTION 17 - RETIREMENT <br /> <br />17.1 Retirement Plan <br /> <br />Retirement benefits for employees shall be those established by the Public <br />Employees! Retirement System (PERS) for Local Safety Members Three Percent <br />(3%) at Age Fifty (50) Formula. <br /> <br />17.2 Optional Provisions Added <br /> <br />Optional Public Agency Provisions under the Public Employees' Retirement <br />System shall also be provided as follows: <br /> <br />1. Effective April 1, 1969, 1959 Survivor Allowance as set forth in Article 6 of <br />Chapter 9 of the Public Employees' Retirement Law (commencing with <br />Section 21380 of the Government Code), which will provide the third tier <br />of benefits. <br /> <br />2. Effective March 16, 1989, one (1) year highest compensation as <br />authorized by Section 20024.2 of the Government Code. <br /> <br />3. Effective July 1, 2003, Pre-Retirement Optional Settlement 2 Death <br />Benefits as authorized by Section 21548. <br /> <br />4. Effective within six (6) months upon ratification and Council approval of <br />an agreement, Fourth Level of 1959 Survivor Benefits as authorized in <br />Section 21574. <br /> <br />17.3 City's Contribution to Retirement System <br /> <br />The City shall pay the rate prescribed by the Public Employees' Retirement <br />System for employer contributions to the Public Employees' Retirement System <br />in accordance with the rules and regulations governing such employer <br />contributions. <br />