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Eligibility for this payment is limited to those employees who provide proof <br />of having filed for retirement within 120 days of separation from active <br />service with the District. "Proof' is defined when the District receives a <br />copy of "Notice of Placement on the Retirement Roll" from PERS. <br />D. Effective July 1, 1991, the district will provide for each employee <br />coverage under the PERS survivors benefit program at the standard level. <br />E. Eligible length -of -service retirees (see 34C above for eligibility) whose <br />retirement date is after June 30, 1998 shall receive a benefit of $50 per <br />month augmented by $5 per year for each year of completed service plus <br />$10 per year for each year in retired status. <br />F. By August 1, 2000 the District agrees to have an actuarial study <br />conducted by PERS to determine the cost of the single highest year <br />salary benefit. SEIU and the District will meet and confer on <br />implementation. During meet and confer, the necessity of five percent <br />(5%) reimbursement will be discussed. <br />New MOU <br />A. The District shall contract with the California State Public Employees <br />Retirement System (PERS) for the purpose of providing eligible <br />employees with retirement benefits and shall pay the employer's portion <br />of the contribution for the employees' retirement program. <br />r • <br />61 <br />$111MIM3117 r NMI • 7 • • : u • • • <br />MOMMMIMMMMIRTM <br />1 1 • • • Boo ■ . oil I <br />- <br />■�• <br />11 • - • . • • . - • -• - M-1 • - <br />• ► •ru. •i r sil •■ <br />61 <br />