Fire Safety Member’s SDCERS Contribution Rate Change. This paragraph has been left in the MOU for historical purposes only and has no force and effect during the term of this MOU. 1. On July 1, 2001, Fire Safety Members’ contribution rates to SDCERS will be increased by 0.53%. 2. Effective July 1, 2000, Fire Safety Members’ Contribution rates will increase by an additional 0.16% to pay for the cost of providing the choice of Retirement Calculation Factors described above. The additional 0.16% increase will be paid from the Employee Benefit Reserve described in Municipal Code section 24.1507 until the Reserve is exhausted.
Appears in 5 contracts
Samples: Memorandum of Understanding, Memorandum of Understanding, Memorandum of Understanding
