Retirement Restoration Payment. 388. For employees who retire prior to the end of this Agreement and for whom their final compensation for retirement purposes was impacted by the unpaid legal holidays or a wage adjustment in lieu of unpaid legal holidays in Fiscal Years 2009-2010 or 2010-2011 described in Article III.G. of the parties’ 2006-2011 Agreement, the City will provide restoration pay equaling the pensionable value of the unpaid legal holidays or wage adjustment described in Article III.G. of the parties’ 2006-2011 Agreement, for the period used by the applicable retirement system to determine the employee's final compensation for retirement purposes.
Retirement Restoration Payment. 367. For employees who retire prior to July 1, 2013 and whose final compensation for retirement purposes was impacted by the wage reduction in Fiscal Years 2010-2011 or 2011-2012 described in Section III.A. of the parties’ 2006-2012 Agreement, the City will make available restoration pay in a lump sum equivalent to the pensionable value of the wage reduction described in Section III.A. of that Agreement for the period used by the applicable retirement system to determine the employee's final compensation for retirement purposes (Final Compensation Period).
Retirement Restoration Payment. For employees who retire between December 26, 2020 and June 30, 2024, the City will provide restoration back pay for the following deferred wage increases on regularly scheduled hours for the 12-month period that preceded the date of retirement: 1% deferred from December 26, 2020 through COB June 30, 2022; and 2% deferred from December 26, 2020 through COB June 30, 2023. As an example, by way of illustration only, if an employee retires on June 30, 2021, the City would provide back pay to the employee for the period December 26, 2020 through June 30, 2021, in the amount of 1% and 2% on regularly scheduled hours. As another example, by way of illustration only, if an employee retires on June 30, 2022, the City would provide back pay to the employee for the period July 1, 2021 through June 30, 2022, in the amount of 1% and 2% on regularly scheduled hours.
Retirement Restoration Payment. For employees who retire between December 26, 2020 and June 30, 2024, the City will provide restoration back pay for the following deferred wage and premium pay increases on regularly scheduled hours for the 12-month period that preceded the date of retirement: • 2% deferred from December 26, 2020 through the close of business June 30, 2022; • 1% deferred from the close of business June 30, 2021 through the close of business June 30, 2023; and • Retention pay deferred from December 26, 2020 through the close of business June 30, 2022. Restoration payments constitute pensionable compensation, to the maximum extent permissible under the Charter. As an example, by way of illustration only, if an employee retires on June 30, 2021, the City would provide back pay to the employee for the period December 26, 2020 through June 30, 2021, in the amount of 2% on regularly scheduled hours. As another example, by way of illustration only, if an employee retires on June 30, 2022, the City would provide back pay to the employee for the period July 1, 2021 through June 30, 2022, in the amount of 1% and 2% on regularly scheduled hours.
Retirement Restoration Payment. 223. For unit members who retire prior to July 1, 2012 and who final compensation for wage deduction in Fiscal Year 2011-2012 caused by implementation of Rule 120 of the Civil Service Regulations, the District will make available restoration pay in a lump sum equivalent to the pensionable value of the wage reduction caused by the furlough days for the period used by the applicable retirement system to determine the employee’s final compensation for retirement purposes (Final Compensation Period). The above provision shall also apply to unit members who retire prior to July 1, 2013.
Retirement Restoration Payment. 374. For employees who retire prior to July 1, 2013 and whose final compensation for retirement purposes iswas impacted by the unpaid furloughs in Fiscal Years 2010-2011 or 2011-2012 described in Section III.C.4.i. of the parties’ 2010-2012 Agreement, the City will make available restoration pay in a lump sum equivalent to the pensionable value of the unpaid furloughs described in Section III.C.4.i. of thisthat Agreement for the period used by the applicable retirement system to determine the employee's final compensation for retirement purposes (Final Compensation Period). ARTICLE IV - TRAINING, CAREER DEVELOPMENT AND INCENTIVES IV.A. TRAINING, CAREER DEVELOPMENT AND INCENTIVES 375. Represented employees shall be on paid status when assigned to attend required educational programs scheduled during normal working hours. SHEET METAL WORKERS, LOCAL 104 (APP. J) 376. For Sheet Metal Workers Training, Career Development, and Incentives provisions, see Appendix J. IV.B. TUITION REIMBURSEMENT
Retirement Restoration Payment. 262. For employees who retire prior to July 1, 2013 and whose final compensation for retirement purposes is impacted by the wage reduction described in Section III.A., the City will make available restoration pay in a lump sum equivalent to the pensionable value of the wage reduction described in Section III.A. of this Agreement for the period used by the applicable retirement system to determine the employee's final compensation for retirement purposes (Final Compensation Period). For employees who retire prior to July 1, 2012, post-retirement payouts of vacation and vested sick leave will be made at the employee’s normal (pre-reduction) hourly rate, although nothing herein requires the San Francisco Employees Retirement System, or any applicable retirement system, to include payouts of vacation or vested sick leave in retirement calculations.
Retirement Restoration Payment. 431. For employees who retire prior to July 1, 2013 and whose final compensation for retirement purposes is impacted by the wage reduction described in Section III.A., the City will make available restoration pay in a lump sum equivalent to the pensionable value of the wage reduction described in Section III.A. of this Agreement for the period used by the applicable retirement system to determine the employee's final compensation for retirement purposes (Final Compensation Period). For employees who retire prior to July 1, 2012, post-retirement payouts of vacation and vested sick leave will be made at the employee’s normal (pre- reduction) hourly rate, although nothing herein requires the San Francisco Employees Retirement System, or any applicable retirement system, to include payouts of vacation or vested sick leave in retirement calculations. 432. Should employees who retire prior to July 1, 2013 wish to receive retirement restoration, they must, at least thirty (30) days prior to the last date of employment, agree to re-designate any floating holidays they have taken during the Final Compensation Period in excess of four (4) floating holidays to vacation days upon retirement. This re-designation shall not apply to floating holidays carried over from a prior fiscal year. Once they have taken four (4) floating holidays during the Final Compensation Period, such employees will not be eligible to take any floating holidays during the last thirty (30) days of their employment except for floating holidays accrued before July 1st of the fiscal year in question.
Retirement Restoration Payment. 431. For employees who retire prior to July 1, 2013 and whose final compensation for retirement purposes iswas impacted by the wage reduction in Fiscal Years 2010- 2011 or 2011-2012 described in Section III.A. of the parties’ 2006-2012 Agreement, the City will make available restoration pay in a lump sum equivalent to the pensionable value of the wage reduction described in Section III.A. of thisthat Agreement for the period used by the applicable retirement system to determine the employee's final compensation for retirement purposes (Final Compensation Period). For employees who retire prior to July 1, 2012, post-retirement payouts of vacation and vested sick leave will be made at the employee’s normal (pre- reduction) hourly rate, although nothing herein requires the San Francisco Employees Retirement System, or any applicable retirement system, to include payouts of vacation or vested sick leave in retirement calculations. 432. Should employees who retire prior to July 1, 2013 wish to receive retirement restoration, they must, at least thirty (30) days prior to the last date of employment, agree to re-designate any floating holidays they have taken during the Final Compensation Period in excess of four (4) floating holidays to vacation days upon retirement. This re-designation shall not apply to floating holidays carried over from a prior fiscal year. Once they have taken four (4) floating holidays during the Final Compensation Period, such employees will not be eligible to take any floating holidays during the last thirty (30) days of their employment except for floating holidays accrued before July 1st of the fiscal year in question.
Retirement Restoration Payment. 291. For employees who retire prior to July 1, 2013 and whose final compensation for retirement purposes iswas impacted by the unpaid furloughs in Fiscal Years 2010-2011 or 2011-2012 described in Section III.C. o f the parties’ 2010-2012 Agreement, the City will make available restoration pay in a lump sum equivalent to the pensionable value of the unpaid furloughs described in Section III.C. of thisthat Agreement for the period used by the applicable retirement system to determine the employee's final compensation for retirement purposes (Final Compensation Period).
