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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 and <br /> County Employees Credit Union for the purpose 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 <br /> membership agree to participate in said plan. If at any <br /> time participation in said plan falls below ten percent <br /> (10 %) of the PCEA membership, the City may at its <br /> discretion, discontinue said plan at the conclusion of <br /> the calendar 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 <br /> educational achievement in an area related to their job <br /> and, in so doing, have become better qualified to <br /> discharge 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 the <br /> City of Pleasanton. (Employees on probationary <br /> status as a result of promotions shall be deemed <br /> eligible under this plan.) <br /> B. Have net all requirements of their position as set <br /> forth in the City's Classification Plan in effect <br /> at 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 /> MOUPCE21/g <br />