Retirement Offset. Effective January 4, 2015, and in conjunction with both (a) the cessation of all employer “payments” of any portion of an employee’s required retirement contribution set forth in Section 402 as well as the reduction in the Retirement Incentive for 30-Year Employees set forth in Section 403, and (b) the requirement that represented employees prospectively share (on a 50:50 basis) in their actuarially-determined “normal” cost of retirement, the base salary range of all classifications in this unit, and each employee therein, was increased by 3.05
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Samples: Memorandum of Agreement, Memorandum of Agreement, Memorandum of Agreement
