Deferred Retirement Option Program. The District agrees to amend its contract with the Public Employees Retirement System to adopt the Deferred Retirement Option Program if that program becomes available. Either Party, upon notice of the availability of the program, will notify the other, and the Parties will meet to evaluate the scope and nature of the program. The District agrees to adopt the program immediately, providing there is no net cost to the District.
Appears in 2 contracts
Sources: Collective Bargaining Agreement, Memorandum of Understanding