Common use of Pension Modifications Clause in Contracts

Pension Modifications. Employees hired on or after July 1, 2010 will be exclude from buying back retirement time. Employees who opted not to join the retirement system during their first two years of service shall have until June 30, 2012 to make a selection to buy back the time. Employees who file for an Ordinary Disability retirement shall have it changed to a Normal Service Retirement if they are eligible for a Normal Service Retirement. Effective July 1, 2010 neither the County nor the FPE shall seek to negotiate on pension matters, or otherwise seek to modify Article 19 Pension for two years. (until fiscal year 2013) Accidental Disability: Exhibit I.

Pension Modifications. Employees hired on or after July 1, 2010 will be exclude from buying back retirement time. Employees who opted not to join the retirement system during their first two years of service shall have until June 30, 2012 to make a selection to buy back the time. Employees who file for an Ordinary Disability retirement shall have it changed to a Normal Service Retirement if they are eligible for a Normal Service Retirement. Effective July 1, 2010 neither the County nor the FPE AFSCME shall seek to negotiate on pension matters, or otherwise seek to modify Article 19 23 Pension for two years. (until fiscal year 2013) Accidental Disability: Exhibit I.K.