Lifeguard Members Clause Samples

Lifeguard Members. City and Union, having met and conferred, and having participated in the settlement of a class action lawsuit challenging the calculation of “compensation earnable,” have agreed to benefit changes to SDCERS. The benefit changes resulting from this class action settlement were approved by the SDCERS active and retired membership in June 2000. a. Except as otherwise provided in the San Diego Municipal Code sections 24.0403.0001 through 24.0403.0004 effective July 1, 2000, a Safety Member may choose at the time of their retirement either: (1) the Retirement Calculation Factor in effect and applicable to his or her membership category on July 1, 2000, with no change in the Safety Member’s Final Compensation, or (2) a 10% increase in the Safety Member’s Final Compensation, with the Safety Member’s Unmodified Service Retirement Allowance calculated using the Retirement Calculation Factors in effect and applicable to their membership category in effect on June 30, 2000. Retirement Age Effective 01/01/97 – 06/30/00 50 2.20% 51 2.32% 52 2.44% 53 2.57% 54 2.72% 55+ 2.77%