Common use of Current Retirees Clause in Contracts

Current Retirees. This section in no way affects the rights and benefits of those who have retired or will retire prior to January 1, 2016. These retirees will maintain a dollar benefit equivalent to the dollar value of the current benefits established under the City of Xxxxxxxxx Resolution #2001-100, effective December 1, 2001. For purposes of this section, the terms “current employee” and a “new hire” are defined as previously established in Section 8, subsection A, of this MOU.

Current Retirees. This section in no way affects the rights and benefits of those who have retired or will retire prior to January 1, 2016. These retirees will maintain a dollar benefit equivalent to the dollar value of the current benefits established under the City of Xxxxxxxxx Resolution #2001-100, effective December 1, 2001. For purposes of this section, the terms “current employee” and a “new hire” are defined as previously established in Section 8, subsection AB, of this MOU.