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placed at the top of the corresponding COUNTY pay band. Future pay raises will be in <br />accordance with COUNTY policy, labor negotiations, or both, as is applicable. <br />(d) Employee Pensions: <br />(1) Florida Retirement System. COUNTY and CITY agree that all <br />Transferred Employees who, at the time of transfer, were members of the Florida Retirement <br />System (FRS) will continue to be members of FRS while employed by COUNTY. On and after <br />October 1, 2015, COUNTY will be responsible for any and all required employer contributions <br />to FRS on behalf of these Transferred Employees. <br />(2) FRS Election. COUNTY agrees that each Transferred Employee who, <br />prior to the transfer date, was or is a member of CITY's Employees' Pension Plan will have the <br />right to select participation within either the FRS or to remain in CITY's Employee's Pension <br />Plan. COUNTY is not obligated to make any special payments or pay "past service" credits for <br />Transferred Employees who elect to participate" in FRS. The Transferred Employees' election <br />may be made only once, will be irrevocable, must be in writing, and must be executed prior to <br />service transfer. CITY will be responsible for securing the aforementioned election. If a <br />Transferred Employee elects participation within the FRS, such employee will have the <br />termination options available to such employee as set forth in CITY's General Employees' <br />Pension Plan. The parties agree that a Transferred Employee will not accrue service in the <br />Florida Retirement System and the respective CITY pension plan simultaneously. <br />(3) Continuation in CITY Pension Plan(s) — Contributions. For all <br />Transferred Employees who elect to continue participation in CITY's Employees' Pension Plan, <br />COUNTY agrees to pay into such pension plan monies equivalent to the sum total of the <br />required contribution for the Transferred Employee to that plan and the required employer's <br />Fire and Emergency Medical Services Interlocal Agreement <br />Seminole County / City of Casselberry <br />Page 6 of 20 <br />