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<br />covered by this Agreement may cash out up to a total of 10 working days of earned, <br />unused vacation leave benefits (including management vacation leave) set forth in <br />this Article. <br /> <br />Effective July 1, 2009, all employees covered by this Agreement shall defer <br />for the duration of Fiscal Year 2009-10 an employee's ability to cash out <br />vacation leave time. The ability to cash out vacation leave time shall be re- <br />instated July 1, 2010. Such deferral shall not affect an employee's ability to <br />be compensated for the accumulated vacation leave time upon separation from <br />employment with the City. <br /> <br />Effective July 1, 2010, employees choosing to cash out their vacation leave <br />time may do so to a maximum value of 1.33 x 120 hours, or 160 hours per <br />year for employees assigned to the twenty-four (24) hour work shift schedule, <br />or 1.33 x BO hours, or 106 hours for employees assigned to a forty (40) hour <br />work week schedule. This cap on annual cash out of regular vacation shall not <br />affect an employee's ability to be compensated for accumulated regular <br />vacation leave time upon separation from employment with the City. <br /> <br />10.7 Management Vacation Benefit. Employees covered by this Agreement will be <br />granted an additional five (5) working days [five (5), eight (B)-hour days for forty <br />(40) hour employees and five (5), twelve (12) hour days for shift employees] per <br />calendar year over the regular and longevity vacation schedule applicable to <br />represented non-management employees of the City subject to a maximum accrual <br />of tVv'C1~ty five (25) thirty (30) days of such additional five (5) days per year. <br /> <br />AMENDED ARTICLE XIV (new language in bold italics; deleted provisions lined out) <br /> <br />14.6 Payment of 3% at 50 Service Retirement Benefit. The Cit'f has received an <br />actuarial ':aluaticlA dated N,arch 3, 2000 from CalPERS informing the parties tRat a <br />cost anal'lsis ta amend the Cit'ls contract to provide this benefit to current <br />emplo'fees will increasc the City's normal cast by 1.861% af its tetal yearl'l "safety" <br />payroll for this uAit. In order to pravide this bCAefit ta its current "safety" <br />membcrs, .:fThe City and the Association agree that eligible employees wm shall pay <br />50~'u af the total additional normal cast ta pro'tide this bcnefit, not to e)(ceed .93% <br />of the City's employer contribution to CaIPERS. Additionally, IJduring the term <br />of this Agreement, the City and Association agree to the following: <br /> <br />. Effective January 1, 2012, the employee contribution shall be increased by <br />.50% for a total contribution of 1.43%. <br /> <br />FMA Contract Extension: 2010-2014 <br /> <br />Page 13 <br />