Common use of Retention Incentive Program Clause in Contracts

Retention Incentive Program. ‌ • Effective June 18, 2021, increase the retention incentive to 5% for employees with 20 years of service with the County of San Diego. • Effective for all “new members”, as defined by Government Code section 7522.04(f), hired into the bargaining units on or after implementation of Safety Tier D (i.e., 2.5% @ 57 formula), an additional retention premium of 5% (for a total of 10%) at 25 years of service with the County of San Diego.

Appears in 2 contracts

Samples: Memorandum of Agreement, Memorandum of Agreement

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Retention Incentive Program. ‌ • Effective June 18, 2021, increase the retention incentive to 5% for employees with 20 years of service with the County of San Diego. • Effective for all “new members”, as defined by Government Code section 7522.04(f), hired into the bargaining units on or after the date of implementation of Safety Tier D (i.e., 2.5% @ 57 2.5%@57 formula), an additional retention premium of 5% (for a total of 10%) at 25 years of service with the County of San Diego.

Appears in 2 contracts

Samples: Memorandum of Agreement, Memorandum of Agreement

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Retention Incentive Program. • Effective June 21, 2019, create 2.5% retention premium for 20 years of service with the County of San Diego. • Effective June 18, 2021, increase the retention incentive to 5% for employees with 20 years of service with the County of San Diego. • Effective for all “new members”, as defined by Government Code section 7522.04(f), hired into the bargaining units on or after the date of implementation of Safety Tier D (i.e., 2.5% @ 57 2.5%@57 formula), an additional retention premium of 5% (for a total of 10%) at 25 years of service with the County of San Diego.

Appears in 1 contract

Samples: Memorandum of Agreement

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