Current Retirees. This section in no way affects the rights and benefits of those who have retired or will retire prior to January 1, 2016. These retirees will maintain a dollar benefit equivalent to the dollar value of the current benefits established under the City of Xxxxxxxxx Resolution #2001-100, effective December 1, 2001. For purposes of this section, the terms “current employee” and a “new hire” are defined as previously established in Section 8, subsection A, of this MOU.
Appears in 3 contracts
Samples: Memorandum of Understanding, Memorandum of Understanding, Memorandum of Understanding
Current Retirees. This section in no way affects the rights and benefits of those who have retired or will retire prior to January 1, 2016. These retirees will maintain a dollar benefit equivalent to the dollar value of the current benefits established under the City of Xxxxxxxxx Resolution #2001-100, effective December 1, 2001. For purposes of this section, the terms “current employee” and a “new hire” are defined as previously established in Section 8, subsection AB, of this MOU.
Appears in 1 contract
Samples: Memorandum of Understanding