Optional Provisions Added Sample Clauses
The "Optional Provisions Added" clause allows parties to include additional terms or conditions in a contract that are not part of the standard agreement. These provisions may address specific needs or preferences of the parties, such as unique payment arrangements, special delivery terms, or additional warranties. By enabling customization, this clause ensures the contract can be tailored to fit the particular circumstances of the transaction, thereby enhancing flexibility and addressing issues not covered by the default terms.
Optional Provisions Added. Optional Public Agency Provisions under the Public Employees' Retirement System shall also be provided as follows:
1. Effective April 1, 1969, 1959 Survivor Allowance as set forth in Article 6 of Chapter 9 of the Public Employees' Retirement Law (commencing with Section 21380 of the Government Code), which will provide the third tier of benefits. Effective July 9, 2007, 1959 Survivor Allowance as authorized by Section 21574 of the Government Code, which will provide the fourth level of survivor benefits.
2. Effective March 16, 1989, retirement benefits for employees hired before the date of the City’s 2011 amendment of its contract with CalPERS will be calculated based on one (1) year highest compensation as authorized by Section 20042 of the Government Code.
3. Retirement benefits for employees hired on or after the date of the City’s 2011 amendment of its contract with CalPERS will be calculated based on the average of three years of compensation as authorized by Section 20037 of the Government Code.
4. Effective July 9, 2007, Pre-Retirement Optional Settlement 2 Death Benefits as authorized by Section 21548.
Optional Provisions Added. Optional Public Agency Provisions under PERS shall also be provided as follows: Memorandum of Understanding between the Mid-management Unit and the City of South San Francisco July 1, 2022 through June 30, 2024 Page 11
Optional Provisions Added. An employee who has served in the military may be eligible for Military Service Credit, as authorized by the Government Code.
Optional Provisions Added. 10 6.9.4.1 Military Service Credit...................................................... 11 6.9.4.2 Sick Leave Service Credit ................................................. 11 6.10 Section 457 Deferred Compensation Plan ............................................. 11 6.11 Section 125 Plan..................................................................................... 11 6.11.1 Health Care Reimbursement ...................................................... 11 6.11.2 Dependent Care Reimbursement................................................ 11 6.11.3 Group Insurance Premium Plan ................................................. 11 6.12