Common use of Retirement Restoration Clause in Contracts

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).

Appears in 3 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

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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 Article III.A. of the parties’ 20062010-2012 Agreement, the City will make available restoration pay in a lump sum equivalent to the pensionable value of the wage reduction described in Section Article III.A. of that the parties’ 2010-2012 Agreement for the period used by the applicable retirement system to determine the employee's final compensation for retirement purposes (Final Compensation Period).

Appears in 2 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement

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 unpaid furloughs described in Section III.A. III.C.e.1. of the parties’ 20062009-2012 Agreementmemorandum of understanding, the City will make available restoration pay in a lump sum equivalent to the pensionable value of the wage reduction unpaid furloughs described in Section III.A. III.C.e.1. 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).

Appears in 2 contracts

Samples: Memorandum of Understanding, Memorandum of Understanding

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 Article III.A. of the parties’ 20062010-2012 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).Article

Appears in 1 contract

Samples: Collective Bargaining Agreement

Retirement Restoration. For employees who retire prior to July 1, 2013 and whose final compensation for retirement purposes was is impacted by the wage reduction in Fiscal Years 2010-2011 or 2011-2012 described in Section III.A. of the parties’ 20062010-2012 AgreementAgreement between the parties, 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 this the 2010-2012 Agreement for the period used by the applicable retirement system to determine the employee's final compensation for retirement purposes (Final Compensation Period).

Appears in 1 contract

Samples: Collective Bargaining Agreement

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Retirement Restoration. For employees who retire prior to July 1, 2013 and whose final compensation for retirement purposes was is impacted by the wage reduction in Fiscal Years 2010-2011 or 2011-2012 described in Section III.A. of the parties’ 20062010-2012 AgreementAgreement between the parties, 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 the 2010-2012 Agreement for the period used by the applicable retirement system to determine the employee's final compensation for retirement purposes (Final Compensation Period).

Appears in 1 contract

Samples: Collective Bargaining Agreement

Retirement Restoration. For employees who retire prior to July 1, 2013 and whose final compensation for retirement purposes was is impacted by the wage reduction in Fiscal Years 2010-2011 or 2011-2012 described in Section III.A. IIIA. of the parties’ 2006-2012 this 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).Section

Appears in 1 contract

Samples: Memorandum of Understanding

Retirement Restoration. For employees who retire prior to July 1, 2013 and whose final compensation for retirement purposes was is impacted by the wage reduction in Fiscal Years 2010-2011 or 2011-2012 described in Section III.A. of the parties’ 2006-2012 AgreementIII.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 that this Agreement for the period used by the applicable retirement system to determine the employee's final compensation for retirement purposes (Final Compensation Period).

Appears in 1 contract

Samples: Collective Bargaining Agreement

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