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TENTATIVE AGREEMENT BETWEEN CITY OF REDWOOD CITY 6.1.13. - Page 5 <br />AND REDWOOD CITY POLICE OFFICERS' ASSOCIATION (RCPOA) <br />Term: <br />The "Preamble" of the MOU will be amended as follows: <br />This Memorandum of Understanding (hereinafter MOU) is entered into <br />pursuant to the provisions of Section 3500 et. seq. of the Government <br />Code of the State of California. <br />The parties have met and conferred in good faith regarding wages, hours <br />and other terms and conditions of employment for the employees in said <br />representation unit, and have freely exchanged information, opinions and <br />proposals and have reached agreement on all matters relating to the <br />employment conditions and employer - employee relations of such <br />employees. <br />This amended MOU shall be presented to the City Council of the City of <br />Redwood City as the joint recommendation of the undersigned parties for <br />salary and employee benefit adjustments for the period commencing <br />September 1, 2008, and ending August 31, 2015. <br />Exit Incentive Plan (EIP): <br />An employee who retires with a Service Retirement from the City between and including <br />the date this tentative agreement is ratified and adopted, and June 30, 2013, will be <br />eligible to receive a payment under the City's EIP equivalent to the cost of purchasing two <br />years of additional service credit from CaIPERS. Such payment will be made by the City <br />into an account for the retiree within the City Council approved tax deferred IRC Section <br />401(a) Plan. EIP's are only offered to those who retire on a service retirement. If an <br />employee has a disability retirement application pending with Ca1PERS at the time of <br />service retirement, the employee is not eligible for the EIP but remains eligible for the <br />industrial disability retirement. An employee who elects to participate must notify the City <br />in writing no later than three months before their planned retirement date. The details of <br />that Plan are set forth in the Plan Document dated January 1, 2004. The City may <br />amend said Plan from time to time to conform to law and provide for the general <br />administration of the Plan. The employee will sign a release agreement stating they <br />agree with these terms and conditions of the EIP before receiving the benefit. <br />June 9 2011 2 <br />