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a. Effective July 1, 2009, the base salary of an employee who has notified <br />the City of his or her intent to retire from City employment on or before <br />January 1, 2011, shall be increased by eight (8) salary rate ranges <br />(approximately 49'0); <br />b. Effective January 1, 2010, the base salary of an employee who has <br />notified the City of his or her intent to retire from City employment on or <br />before January 1, 2011, shall be increased by five (5) salary rate ranges <br />(approximately 2.59'0); <br />c. In exchange for the salary increases as set forth in 4.3-A-1-n and 4.3- <br />A-1-b, above, nn employee who has notified the City in writing of his or <br />her intent to retire from City employment on or before January 1, 2011, <br />ns set forth in 4.3-A-1, above, shall take unpaid furlough hours off from <br />work during the period July 1, 2009 to June 30, 2010 ("the furlough <br />period") ns set forth below: <br />POA Furlough Hours In-lieu of MOU Salary Increase Deferral <br />Bases salary increase as of 7/1/09: 4.00% <br />Base salary increase as of 1/1/10: 2.50% <br />Furlough equivalent value of 6.5% MOU base salary increase: <br />Number of 8/hour Days: 17 <br />Number of hours: 135 <br />1 furlough hr (% of salary): 0.0481 <br /> No. o Furtou h Hours <br /> 1/1/2010 7/1/2010 <br /> 7/1/09 l/1/2010 to to <br /> Schedule to to 6/30/10 12/31/10 <br /> Work Retirement (hr. per 12/3l/09 6/30/10 2.5% 2.5% <br /> Schedule Date da 4% MOU 4% MOU MOU MOU Total Hrs <br /> <br />li <br />3/12 12/31/2009 12 42 . <br /> <br />lii <br />3/12 6/30/2010 12 42 42 <br />42 26 <br /> <br />liii <br />3/12 12/31/2010 12 42 109 <br />42 26 26 135 <br />1 iv 4/ 10 12/31 /2009 10 42 <br /> <br />lv <br />4/10 6/30/2010 10 42 42 <br />42 26 <br /> <br />lvi <br />4/10 12/31/2010 10 42 109 <br />42 26 26 135 <br />Note: Furlough equivalency table reflects the true value associated with swapping furlough hours in-lieu of MOU <br /> salary increase deferral. Furloughs should be based on number of hours not number of days (provides flexibility <br /> when employees move across schedules). Number of furlough hours will be the sa <br />ll <br /> me across a <br />schedules. <br />