Common use of Retirement Restoration Clause in Contracts

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. 199192. 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. 199197. 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. 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 Understanding140, 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 this 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).