Common use of Structured Retiree Claims Settlement Fund Clause in Contracts

Structured Retiree Claims Settlement Fund. Upon ratification, the City shall establish a Structured Retiree Claims Settlement Fund in the total amount of $180 million to settle all claims by retirees who have retired between Novem- ber 1, 2009 through June 30, 2014 concerning wage increases arising out of the 2009-2011 round of bargaining. The Fund will be distributed based upon an agreed upon formula.

Structured Retiree Claims Settlement Fund. i. Upon ratification, the City shall establish a Structured Retiree Claims Settlement Fund in the total amount of $180 million million, as modified by the decision of Arbitrator Xxxxxx X. Xxxxxxxxx dated November 17, 2014, to settle all claims by retirees who have retired between Novem- ber November 1, 2009 through June 30, 2014 concerning wage increases arising out of the 2009-2009- 2011 round of bargaining. The Fund fund will be distributed based upon on an agreed upon formula.

Structured Retiree Claims Settlement Fund. Upon ratification, the City shall establish a Structured Retiree Claims Settlement Fund in the total an amount of $180 million to settle satisfy all claims by retirees who have retired between Novem- ber 1March 6, 2009 through 2010 and June 30, 2014 2015, inclusive, concerning wage increases arising out of the 20092010-2011 2012 round of bargaining. The Fund will be distributed based upon an agreed upon formula.