Retirement Options. The parties have submitted legislation to the County Council that would establish a Defined Contribution Retirement Plan for non-public safety employees hired on or after July 1, 1994, and any other employee who desires to transfer to the new system from the existing retirement system. The parties shall submit legislation to the County Council that would establish a one-time irrevocable choice between the Defined Contribution Retirement Plan (RSP) and the Guaranteed Retirement Income Plan (GRIP) for non-public safety employees hired on or after July 1, 1994. See Appendix XIX for GRIP Specifications.
Appears in 4 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Agreement
