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exchange for the elimination of these two days as holidays the annual <br />vacation entitlement of confidential employees shall be increased by <br />twelve (12) hours. And, two floating holidays are added to the holiday <br />schedule. The two floating holidays shall be credited to each employee <br />on July 1 of each year and be observed on a date mutually agreed to by <br />the employee and the department head. <br /> <br />Retirement System. All confidential employees shall be members of the <br />State Public Employees Retirement System (PERS). <br /> <br /> <br />