Final Average Compensation. The age-appropriate retirement factor will be applied to the average of the three highest years of compensation earned at any time during the employee’s employment with the City. A “year” will be defined as it is presently in the Municipal Code. The right to retire at age 55 with 20 years of service or at age 62 with ten years of service remains unchanged.
Appears in 3 contracts
Samples: Memorandum of Understanding, Memorandum of Understanding, Memorandum of Understanding
Final Average Compensation. The age-appropriate retirement factor will be applied to the average of the three (3) highest years of compensation earned at any time during the employee’s employment with the City. A “year” will be defined as it is presently in the Municipal Code. The right to retire at age 55 with 20 twenty years of service or at the age 62 with ten years of service remains unchanged.
Appears in 2 contracts
Samples: Table of Contents, www.sdmea.org
Final Average Compensation. The age-appropriate retirement factor will be applied to the average of the three highest years of compensation earned at any time during the employee’s employment with the City. A “year” will be defined as it is presently in the Municipal Code. The right to retire at age 55 with 20 twenty years of service or at the age 62 with ten years of service remains unchanged.
Appears in 1 contract
Samples: Memorandum of Understanding
