Res11 15077 - Laserfiche WebLink

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01/10/2011 the rehire list shall retain all vacation and sick leave accruals that the employee did not receive compensation for at the time of layoff. 16.5 Length of Service The department shall keep an up -to -date length of service list of all employees covered by this MOU, and post the length of service list in a conspicuous place. This provision is for the convenience of the parties and in case of any disputes concerning the accuracy of the posted list, the grievance procedure may be utilized. SECTION 17 - RETIREMENT 17.1 Retirement Plan For employees hired prior to the date the Memorandum of Understanding is ratified and signed by both parties, retirement benefits shall be those established by the Public Employees' Retirement System (PERS) for Local Safety Members Three Percent (3 %) at Age Fifty (50) Formula. For employees hired on or after the date the Memorandum of Understanding is ratified and signed by both parties, or on such later date as is practicable as determined by the City, retirement benefits shall be those established by the Public Employees' Retirement System (PERS) for Local Safety Members Three Percent (3 %) at Age Fifty -Five (55) Formula. 17.2 Optional Provisions Added Optional Public Agency Provisions under the Public Employees' Retirement System shall also be provided as follows: 1. Effective April 1, 1969, 1959 Survivor Allowance as set forth in Article 6 of Chapter 9 of the Public Employees' Retirement Law (commencing with Section 21380 of the Government Code), which will provide the third tier of benefits. 2. Effective March 16, 1989, one (1) year highest compensation as authorized by Section 20024.2 of the Government Code. 3. Effective July 1, 2003, Pre - Retirement Optional Settlement 2 Death Benefits as authorized by Section 21548. 4. Effective within six (6) months upon ratification and Council approval of an agreement, Fourth Level of 1959 Survivor Benefits as authorized in Section 21574. 29 Page 35 #15077 MUFF # 905