CITY SERVICE OBLIGATION. An employee will be expected to remain with the City of Sunrise for at least one (1) year following completion of courses for which he/she has received a refund. If the employee resigns, retires, or is dismissed within the one (1) year period, he/she shall reimburse the City for tuition refund benefits applicable to courses completed during this period. Reimbursement shall be payroll deducted from the employee’s final paycheck.
CITY SERVICE OBLIGATION. An employee will be expected to remain with the City of Sunrise for at least one (1) year following completion of courses for which he/she has received a refund. If the employee resigns, retires, or is dismissed within the one (1) year period, he/she shall reimburse the City for tuition refund benefits applicable to courses completed during this period. Reimbursement shall be payroll deducted from the employee's final paycheck. APPENDIX C Police Pension Board Agreement The City of Sunrise (City) and the Sunrise Police Officers Pension Board of Trustee (Board), in exchange for the mutual promises and consideration outlined below, agree as follows:
CITY SERVICE OBLIGATION. An employee will be expected to remain with the City of Sunrise for at least one (1) year following completion of courses for which he/she has received a refund. If the employee resigns, retires, or is dismissed within the one (1) year period, he/she shall reimburse the City for tuition refund benefits applicable to courses completed during this period. Reimbursement shall be payroll deducted from the employee's final paycheck. APPENDIX C POLICE PENSION BOARD AGREEMENT The City of Sunrise (City) and the Sunrise Police Officers Pension Board of Trustees (Board), in exchange for the mutual promises and consideration outlined below, agree as follows: The parties recognize that reaching agreement on reasonable actuarial assumptions, cost methods and procedures is beneficial to the City, the Board and members of the Police Pension Plan and their beneficiaries. The City and Board agree that the procedure for reaching agreement on actuarial assumptions, cost methods and procedures contained in paragraph 2 below, will save the parties valuable time and effort, and constitutes adequate and complete consideration for this Agreement. The Board approves the assumptions, cost methods and procedures used in the 10/1/20 valuation, as recommended by the plan actuary and approved by the City actuary for all purposes during the term of this Agreement. Any changes in assumptions, cost methods and procedures during the term of this Agreement will be reviewed and discussed by the plan actuary and City actuary, and if they agree, the proposed changes will be implemented. If the plan actuary and City actuary cannot agree, a third actuary selected by mutual agreement of the other two shall review and discuss the two actuaries' positions and submit and discuss the reports with the Board. The Board shall consider the actuaries' reports and take the most appropriate, reasonable and prudent final action. At the time of its action, the Board shall provide a detailed written explanation, of why, in its judgment, the action taken is the most appropriate, reasonable and prudent. All actuarial assumptions, cost methods and procedures shall be individually realistic and based on the actuary's best estimates of anticipated future experience of the plan. The parties acknowledge and agree that the current method for funding the plan, including the method for determining City and employee contributions, fully complies with all applicable laws. The parties acknowledge and agree that Chapter 185...
