REQUEST FOR CALPERS ACTUARIAL VALUATION Sample Clauses

REQUEST FOR CALPERS ACTUARIAL VALUATION. The City and the Union agree to request an actuarial valuation from the California Public EmployeesRetirement System (CalPERS) to determine the cost of the following optional retirement benefit: Section 21574 Fourth Level of 1959 Survivor Benefits The actuarial valuation will be requested by August 2008 in preparation for contract negotiations between the City and the Union in 2009. The request for the valuation is made to assist the parties in freely exchanging information during the 2009 collective bargaining process. The City and the Union each agree to pay for one half of the fee(s) required for the valuation. By agreeing to fund one half of the cost of the valuation, the City does not make either an express or implied endorsement of the optional benefit. IAFF 2007-2009 MOU AGREEMENT
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