Common use of Retirement Restoration Payment Clause in Contracts

Retirement Restoration Payment. 371. For employees who retire prior to the end of this Agreement and for whom their final compensation for retirement purposes was impacted by the unpaid legal holidays or a wage adjustment in lieu of unpaid legal holidays in Fiscal Years 2009-2010 or 2010-2011 described in Article III.G. of the parties’ 2006-2011 Agreement, the City will provide restoration pay equaling the pensionable value of the unpaid legal holidays or wage adjustment described in Article III.G. of the parties’ 2006-2011 Agreement, for the period used by the applicable retirement system to determine the employee's final compensation for retirement purposes.

Retirement Restoration Payment. 371388. For employees who retire prior to the end of this Agreement and for whom their final compensation for retirement purposes was impacted by the unpaid legal holidays or a wage adjustment in lieu of unpaid legal holidays in Fiscal Years 2009-2010 or 2010-2011 described in Article III.G. of the parties’ 2006-2011 Agreement, the City will provide restoration pay equaling the pensionable value of the unpaid legal holidays or wage adjustment described in Article III.G. of the parties’ 2006-2011 Agreement, for the period used by the applicable retirement system to determine the employee's final compensation for retirement purposes.

Retirement Restoration Payment. 371379. For employees who retire prior to the end of this Agreement and for whom their final compensation for retirement purposes was impacted by the unpaid legal holidays or a wage adjustment in lieu of unpaid legal holidays in Fiscal Years 2009-2010 or 2010-2011 described in Article III.G. of the parties’ 2006-2011 Agreement, the City will provide restoration pay equaling the pensionable value of the unpaid legal holidays or wage adjustment described in Article III.G. of the parties’ 2006-2011 Agreement, for the period used by the applicable retirement system to determine the employee's final compensation for retirement purposes.

Retirement Restoration Payment. 371286. For employees who retire prior to the end of this Agreement and for whom their final compensation for retirement purposes was is impacted by the unpaid legal holidays or a wage adjustment in lieu of furlough days and the unpaid legal holidays in Fiscal Years 2009-2010 or 2010-2011 described in Article III.G. of the parties’ 2006-2011 AgreementSections III.AB.3.Paragraph 183. and III.F., respectively, the City will provide restoration pay equaling the pensionable value of the unpaid furlough days and unpaid legal holidays or wage adjustment described in Article III.G. of the parties’ 2006-2011 AgreementSections III.AB.3.Paragraph 183. and III.F., respectively, for the period used by the applicable retirement system to determine the employee's final compensation for retirement purposes.

Retirement Restoration Payment. 371264. For employees who retire prior to the end of this Agreement and for whom their final compensation for retirement purposes was is impacted by the unpaid legal holidays or a wage adjustment in lieu of furlough days and the unpaid legal holidays in Fiscal Years 2009-2010 or 2010-2011 described in Article III.G. of the parties’ 2006-2011 AgreementSections III.AB.3.Paragraph 183. and III.F., respectively, the City will provide restoration pay equaling the pensionable value of the unpaid furlough days and unpaid legal holidays or wage adjustment described in Article III.G. of the parties’ 2006-2011 AgreementSections III.AB.3.Paragraph 183. and III.F., respectively, for the period used by the applicable retirement system to determine the employee's final compensation for retirement purposes.