Final Compensation. For the purposes of determining a retirement benefit, final compensation for bargaining unit members covered by this Section 6.1.2 shall mean the highest average annual compensation earnable by a member during the three (3) consecutive years of employment as specified in Government Code 20037.
Appears in 6 contracts
Samples: Memorandum of Understanding, Memorandum of Understanding, Memorandum of Understanding
Final Compensation. For the purposes of determining a retirement benefit, final compensation for bargaining unit members covered by this Section 6.1.2 shall mean the highest average annual compensation earnable by a member during the three (3) consecutive years of employment as specified in Government Code 20037. The City agrees not to modify either the 2.7% at 55 or 2.5% at 55 retirement plan benefits for unit members vested within those plans.
Appears in 6 contracts
Samples: Memorandum of Understanding, Memorandum of Understanding, Memorandum of Understanding
Final Compensation. For the purposes of determining a retirement benefit, final compensation for bargaining unit members covered by this Section 6.1.2 shall mean the highest average annual compensation earnable by a member during the three (3) consecutive years of employment as specified in Government Code 20037. The City Agrees not to modify the 2.5% at 55 retirement plan benefits for members vested with that plan.
Appears in 1 contract
Samples: Collective Bargaining Agreement
