Common use of Service Retirement Clause in Contracts

Service Retirement. For all employees who retire with service from the City of Pleasanton, the City shall pay four percent (4%) for each year of service of the City’s contribution toward the monthly premium for employee and one dependent.

Appears in 3 contracts

Samples: Memorandum of Understanding, Memorandum of Understanding, Memorandum of Understanding

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Service Retirement. For all employees who retire with via a service retirement from the City of Pleasanton, the City shall pay four percent (4%) for each year of service of the City’s contribution toward the monthly premium for employee and one dependent. For all service retirements the formula accelerates beginning with 10 years of service as illustrated below.

Appears in 2 contracts

Samples: Memorandum of Understanding, Memorandum of Understanding

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