Two Tier Retirement Plan. The City shall provide the CalPERS 2% @ 60 retirement plan for Unit employees hired on or after July 1, 2011 or upon effective date of CalPERS contract amendment including CalPERS Section 20862.8 - Credit for Unused Sick Leave. Final compensation for employees hired on or after July 1, 2011 will be based on the average of the highest wages earned in any consecutive 3-year period.
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Samples: pub-cityofwatsonville.escribemeetings.com, cityofwatsonville.org
Two Tier Retirement Plan. The City shall provide the CalPERS 2% @ 60 retirement plan for Unit employees hired on or after July 1, 2011 or upon effective date of CalPERS contract amendment including CalPERS Section 20862.8 - Credit for Unused Sick Leave. Final compensation for employees hired on or after July 1, 2011 will be based on the average of the highest wages earned in any consecutive 3-3- year period.
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Two Tier Retirement Plan. The City shall provide the CalPERS 2% @ 60 retirement plan for Unit employees hired on or after July 1, 2011 or upon effective date of CalPERS contract amendment including CalPERS Section 20862.8 - Credit for Unused Sick Leave. Final compensation for employees hired on or after July 1, 2011 will be based on the average of the highest wages earned in any consecutive 3-year period.
Appears in 1 contract
Samples: www.cityofwatsonville.org
Two Tier Retirement Plan. β The City shall provide the CalPERS 2% @ 60 retirement plan for Unit employees hired on or after July 1, 2011 or upon effective date of CalPERS contract amendment including CalPERS Section 20862.8 - Credit for Unused Sick Leave. Final compensation for employees hired on or after July 1, 2011 will be based on the average of the highest wages earned in any consecutive 3-3- year period.
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