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Such option may be eliminated or modified at the discretion of the Fire Department or to <br />the extent it is construed as overtime under Department of Labor guidelines implementing <br />provisions of the Fair Labor Standards Act (FLSA). <br />Effective July 1, 2009, all employees covered by this Agreement shall defer for the <br />duration of Fiscal Year 2009-10 an employee's ability to cash out longevity vacation <br />leave time. The ability to cosh out longevity vacation leave time shall be re-instated <br />July 1, 2010. This deferral shall not affect an employee's ability to be compensated <br />for the accumulated longevity vacation leave time upon separation from employment <br />with the City. <br />Effective July 1, 2010, employees choosing to cash out their longevity vocation may <br />do so to a maximum value of 1.33 x 120 hours or 160 hours per year. This cap on <br />nnnunl cash-out of longevity vocation shall not affect an employee's ability to be <br />compensated for accumulated longevity vacation leave time upon separation from <br />employment with the City. <br />AMENDED ARTICLE XIV (new language in bold) <br />14.6 Retiree Health Insurance. Effective October 1, 2004, the City shall contribute an amount <br />equal to one percent (1%) of the bargaining unit's current salary base, including assignment <br />pays, to a fund, for the purpose of providing retiree health insurance premium reduction <br />assistance. Effective October 1, 2005 and October 1, 2006, respectively, the City shall <br />contribute one and three quarter percent (1.75%) of the bargaining unit's salary base, <br />including assignment pays to the fund. This program is for premium reduction only and is <br />provided for bargaining unit employees retiring after July 1, 1989. Effective July 1, 2007, <br />the City and Association agree to reopen this provision of the Agreement to discuss the <br />status of this fund. <br />The SAFBA agrees to defer the City's nnnunl FBA Retiree Health Insurance Fund <br />(Fund 84) October 2009 deposit to a dote no later than March 31, 2010. Interest <br />shall continue to accrue during this deferral period as stipulated by the Fund 84 <br />Policy. <br />The Association agrees to a loan of $700,000 from Fund 84 (FBA Retiree Health <br />Insurance Fund) to Fund it (General Fund), effective November 1, 1996. The loan is to be <br />for an indefinite term at an annual interest rate of 5.65%, and will be repaid when <br />necessary, based on the fiscal condition of the FBA Retiree Health Insurance Fund. The <br />City shall provide the Association an annual report on the status of Fund 84 and the status <br />of the loan from Fund 84. <br />FBA Contract Extension Draft for FBA Review June 4, 2009 poye g <br />