Retirement Restoration. For employees who retire prior to July 1, 2013 and whose final compensation for retirement purposes was impacted by the wage reduction in Fiscal Years 2010-2011 or 2011-2012 described in Section III.A. of the parties’ 2006-2012 Agreement, the City will make available restoration pay in a lump sum equivalent to the pensionable value of the wage reduction described in Section III.A. of that Agreement for the period used by the applicable retirement system to determine the employee's final compensation for retirement purposes (Final Compensation Period).
Retirement Restoration. For employees who retire prior to July 1, 2013 and whose final compensation for retirement purposes is impacted by the wage reduction described in Section III.A., the City will make available restoration pay in a lump sum equivalent to the pensionable value of the wage reduction described in Section III.A. of this Agreement for the period used by the applicable retirement system to determine the employee's final compensation for retirement purposes (Final Compensation Period). For employees who retire prior to July 1, 2012, post- retirement payouts of vacation and vested sick leave will be made at the employee’s normal (pre-reduction) hourly rate, although nothing herein requires the San Francisco Employees Retirement System, or any applicable retirement system, to include payouts of vacation or vested sick leave in retirement calculations.
Retirement Restoration. 199. For employees who retire prior to July 1, 2013 and whose final compensation for retirement purposes is impacted by the former holidays described in paragraphs 134 through 140 of the parties’ 2010-2012 Memorandum of Understanding, the City will make available restoration pay in a lump sum equivalent to the pensionable value of the former holidays described in paragraphs 134 through 140 of that Agreement for the period used by the Public Employees’ Retirement System (“PERS”) to determine the employee's final compensation for retirement purposes (Final Compensation Period).
Retirement Restoration. For employees who retire prior to July 1, 2013 and whose final compensation for retirement purposes was impacted by the wage reduction in Fiscal Years 2010-2011 or 2011-2012 described in Article
Retirement Restoration. 160. For employees who retire prior to July 1, 2013 and whose final compensation for retirement purposes is was impacted by the wage reductions in Fiscal Years 2010-2011 or 2011-2012 described in Section III.A. of the parties’ 2010-2012 Agreement, the City will make available restoration pay in a lump sum equivalent to the pensionable value of the wage reduction described in Section III.A. of this that Agreement for the period used by the applicable retirement system to determine the employee's final compensation for retirement purposes (Final Compensation Period). For employees who retire prior to July 1, 2012, post-retirement payouts of vacation and vested sick leave will be made at the employee’s normal (pre-reduction) hourly rate, although nothing herein requires the San Francisco Employees Retirement System, or any applicable retirement system, to include payouts of vacation or vested sick leave in retirement calculations.
Retirement Restoration. For employees who retire prior to July 1, 2013 and whose final compensation for retirement purposes is impacted by the concessions described in Fiscal Years 2010-2011 or 2011-2012 in Section III.A. paragraph 79 of the parties’ 2006-2012 Agreement, the SFMTA will make available restoration pay in a lump sum equivalent to the pensionable value of the wage reduction or wage increase deferral described in paragraph 79 of that Agreement Sec.IIIA for the period used by the applicable retirement system to determine the employee's final compensation for retirement purposes (Final Compensation Period). Retirement restoration will include payouts of vacation and vested sick leave at the employee’s normal (pre-reduction or non-wage-deferred) hourly rate, although nothing herein requires the San Francisco Employees Retirement System, or any applicable retirement system, to include payouts of vacation or vested sick leave in retirement calculations. Should employees who retire prior to July 1, 2013 wish to receive retirement restoration, they must, at least thirty (30) days prior to the last date of employment, agree to re-designate any floating holidays they have taken during the Final Compensation Period in excess of five (5) to vacation days upon retirement. Due to the mix of concessions, of the twelve (12) floating holidays described in paragraph 179 of the parties’ 2006-2012 Agreement, the maximum number of floating holidays re-designated as vacation days shall be nine (9) for “new plan” employees. This re-designation shall not apply to floating holidays carried over from a prior fiscal year. Once they have taken five (5) floating holidays during the Final Compensation Period, such employees will not be eligible to take any floating holidays during the last 30 days of their employment except for floating holidays accrued before July 1st of the fiscal year in question.
Retirement Restoration. 248. For employees who retire prior to July 1, 2013 and whose final compensation for retirement purposes is impacted by the furloughs described in Section III.A., the City will make available restoration pay in a lump sum equivalent to the pensionable value of the furloughs described in Section III.A. of this Agreement for the period used by the applicable retirement system to determine the employee's final compensation for retirement purposes (Final Compensation Period).
Retirement Restoration. For employees who retire prior to July 1, 2013 and whose final compensation for retirement purposes is was impacted by the wage deferrals described in paragraph 81 fiscal years 2010-11 and 2011-12 described in Section III.A. of the parties’ 2007-2012 MOU, as amended, the City will make available restoration pay in a lump sum equivalent to the pensionable value of the wage increase deferrals described in paragraph 81 in Section III.A. of the parties’ 2007-2012 MOU, as amended, for the period used by the applicable retirement system to determine the employee's final compensation for retirement purposes (Final Compensation Period). For employees who retire prior to July 1, 2012, post-retirement payouts of vacation and vested sick leave will be made at the employee’s normal (non-wage-deferred) hourly rate, although nothing herein requires the San Francisco Employees Retirement System, or any applicable retirement system, to include payouts of vacation or vested sick leave in retirement calculations.
Retirement Restoration. For employees who retire prior to July 1, 2013 and whose final compensation for retirement purposes is was impacted by the unpaid furloughs described in Section III.C.e.1.
Retirement Restoration. For employees who retire prior to July 1, 2013 and whose final compensation for retirement purposes is impacted by the wage reduction described in Article III, Section A, of the Parties’ 2010-2012 Agreement SFMTA will make available restoration pay in a lump sum equivalent to the pensionable value of the wage reduction described in Article III, Section A of the Parties’ 2010-2012 for the period used by the applicable retirement system to determine the employee's final compensation for retirement purposes (Final Compensation Period).
