Elimination of Cost of Living Annuity Benefit for POA Bargaining Unit Members Sample Clauses

Elimination of Cost of Living Annuity Benefit for POA Bargaining Unit Members. Hired On or After August 1, 2012. Employees in POA bargaining units hired on or after August 1, 2012, or as soon thereafter as administratively feasible, will not be eligible or required to make “cost of living contributions” to the Retirement System, as defined in San Diego Municipal Code section 24.1506(b), and will not be eligible to receive the cost of living annuity, as defined in San Diego Municipal Code section 24.0103.
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