Common use of RETIREMENT PICK-UP Clause in Contracts

RETIREMENT PICK-UP. 191. The parties acknowledge that the San Francisco Charter establishes the levels, terms and conditions of retirement benefits for members of the San Francisco Employees Retirement System (SFERS). The fact that the MOU does not specify that a certain item of compensation is excluded from retirement benefits should not be construed to mean that the item is included by the Retirement Board when calculating retirement benefits. 192. For the term of this Agreement, the City shall continue to pick-up the employees’ portion of their retirement contribution at the current rate.

RETIREMENT PICK-UP. 191239. The parties acknowledge that the San Francisco Charter establishes the levels, terms and conditions of retirement benefits for members of the San Francisco Employees Retirement System (SFERS). The fact that the MOU does not specify that a certain item of compensation is excluded from retirement benefits should not be construed to mean that the item is included by the Retirement Board when calculating retirement benefits. 192. For the term of this Agreement, the City shall continue to pick-up the employees’ portion of their retirement contribution at the current rate.

RETIREMENT PICK-UP. 191200. The parties acknowledge that the San Francisco Charter establishes the levels, terms and conditions of retirement benefits for members of the San Francisco Employees Retirement System (SFERS). The fact that the MOU does not specify that a certain item of compensation is excluded from retirement benefits should not be construed to mean that the item is included by the Retirement Board when calculating retirement benefits. 192. For the term of this Agreement, the City shall continue to pick-up the employees’ portion of their retirement contribution at the current rate.