Final Compensation. For the purposes of determining a retirement benefit, final compensation for bargaining unit members covered by this Section 6.1.2 shall mean the highest average annual compensation earnable by a member during the three (3) consecutive years of employment as specified in Government Code 20037. The City agrees not to modify either the 2.7% at 55 or 2.5% at 55 retirement plan benefits for unit members vested within those plans.
Appears in 6 contracts
Samples: ibew1245.com, ibew1245.com, ibew1245.com
Final Compensation. For the purposes of determining a retirement benefit, final compensation for bargaining unit members covered by this Section 6.1.2 shall mean the highest average annual compensation earnable by a member during the three (3) consecutive years of employment as specified in Government Code 20037. The City agrees not to modify either the 2.7% at 55 or 2.5% at 55 retirement plan benefits for unit members vested within those plans.
Appears in 6 contracts
Samples: Service Employees, Service Employees, Service Employees
Final Compensation. For the purposes of determining a retirement benefit, final compensation for bargaining unit members covered by this Section 6.1.2 shall mean the highest average annual compensation earnable by a member during the three (3) consecutive years of employment as specified in Government Code 20037. The City agrees Agrees not to modify either the 2.7% at 55 or 2.5% at 55 retirement plan benefits for unit members vested within those planswith that plan.
Appears in 2 contracts
Samples: Confidential Management Employees, Confidential Management Employees
Final Compensation. β For the purposes of determining a retirement benefit, final compensation for bargaining unit members covered by this Section 6.1.2 shall mean the highest average annual compensation earnable by a member during the three (3) consecutive years of employment as specified in Government Code 20037. The City agrees Agrees not to modify either the 2.7% at 55 or 2.5% at 55 retirement plan benefits for unit members vested within those planswith that plan.
Appears in 1 contract
Samples: Confidential Management Employees