Common use of Retirement Benefits for Employees Initially Hired on or After July 20, 2012 Clause in Contracts

Retirement Benefits for Employees Initially Hired on or After July 20, 2012. On October 1, 2012, the City Council approved an agreement between the City and Local 145 on the terms of an interim defined contribution plan under San Diego Charter sections 140 and 150 for employees initially hired on or after July 20, 2012 who are ineligible for the City’s defined benefit plan. The agreement is attached as Appendix A and is incorporated into this MOU. This paragraph is subject to the reopener provisions on Proposition B in Article 31, Section E.

Retirement Benefits for Employees Initially Hired on or After July 20, 2012. On October 1, 2012, the City Council approved an agreement between the City and Local 145 DCAA on the terms of for an interim defined contribution plan under San Diego Charter sections 140 and 150 for employees initially hired on or after July 20, 2012 who are ineligible for the City’s defined benefit plan. The agreement is attached as Appendix A D and is incorporated into this MOU. This paragraph is subject to the reopener provisions on Proposition B in Article 31, Section E..