Value of Benefit. For all purposes, including compensation comparisons, the Retiree Medical Program shall be valued at 1% of salary on which PERS retirement is based (Part A); plus .25% of other compensation (Part B).
Appears in 4 contracts
Sources: Memorandum of Understanding, Memorandum of Understanding, Memorandum of Understanding
Value of Benefit. For all purposes, including compensation comparisons, the Retiree Medical Program shall be valued at one percent (1% %) of salary on which PERS retirement is based (Part A); plus a quarter percent (.25% %) of other compensation (Part B).
Appears in 1 contract
Sources: Memorandum of Understanding