FULL PACKET_2009-06-29 - Laserfiche WebLink

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n. Effective July 1, 2009, the base salary of nn employee who has notified the City of his or her intent to retire from City employment on or before January 1, 2011, shall be increased by eight (8) salary rote ranges (approximately 49'0); b. Effective January 1, 2010, the base salary of an employee who has notified the City of his or her intent to retire from City employment on or before January 1, 2011, shall be increased by five (5) salary rate ranges (approximately 2.59:0); c. In exchange for the salary increases as set forth in 4.3-A-1-n and 4.3- A-1-b, above, nn employee who has notified the City in writing of his or her intent to retire from City employment on or before January 1, 2011, as set forth in 4.3-A-1, above, shall take unpaid furlough hours off from work during the period July 1, 2009 to June 30, 2010 ("the furlough period") as set forth below: POA Furlough Hours In-lieu of MOU Salary Increase Deferral Bases salary increase as of 7/1/09: 4.00% Base salary increase as of 1/1/10: 2.50% Furlough equivalent value of 6.5% MOU base salary increase: Number of 8/hour Days: 17 Number of hours: 135 1 furlough hr (% of salary): 0.0481 1/I/2010 7/I/2010 7/1/09 1/I/2010 to to Schedule to to 6/30/10 12/3l/10 Work Retirement (hr, per 12/31/09 6/30/10 2.5% 2.5% Schedule Date da 4% MOU 4% MOU MOU MOU Total Hrs. li 3/12 12/31/2009 12 42 42 lii 3/12 6/30/2010 12 42 42 26 109 liii 3/12 12/31/2010 12 42 42 26 26 135 liv 4/10 12/31/2009 10 42 42 lv 4/10 6/30/2010 10 42 42 26 109 lvi 4/10 12/31/2010 10 42 42 26 26 135 Note: Furlough equivalency table reflects the true value associated with swapping furlough hours in-lieu of MOU salary increase deferral. Furloughs should be based on number of hours not number of days (provides flexibility when employees move across schedules). Number of furlough hours will be the same across all schedules. 25C-4