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Section 17. Credit Union <br /> The City shall implement a voluntary payroll deduction <br /> option for those employees who wish to join the City <br /> and County Employees Credit Union for the purposes of <br /> transacting business with such City and County Employees <br /> Credit Union. <br /> Section 18. Deferred Compensation Plan <br /> The City shall implement a deferred compensation plan <br /> provided, however, ten percent (10 %) of the PCEA member- <br /> ship agree to participate in said plan. If at any time <br /> participation in said plan falls below ten percent (10t) <br /> of the PCEA membership, the City may at its discretion, <br /> discontinue said plan at the conclusion of the calendar <br /> year. <br /> Section 19. Educational Incentive Pay Program <br /> 19.1 Purpose <br /> The purpose of this plan is to reward those eligible <br /> employees having obtained a specific level of educational <br /> achievement in an area related to their job and, in <br /> so doing, have become better qualified to discharge <br /> the duties of their respective positions. <br /> 19.2 Eligible Applicants <br /> Persons eligible to enroll in the Educational Incentive <br /> Plan have met all of the following requirements: <br /> A. Are permanent (non - probationary) employees with <br /> the City of Pleasanton. (Employees on probationary <br /> status as a result of promotions shall be deemed <br /> eligible under this plan.) <br /> B. Have met all requirements of their position as set <br /> forth in the City's Classification Plan in effect at <br /> the time the employee was hired. <br /> C. Intend to pursue an educational level related to <br /> his/her present position as determined by the • <br /> Educational Standards Committee. <br /> -23- <br />