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13.4 Military Service Credit as Public Service. An employee covered by this MOU may elect <br /> to purchase up to four (4) years of service credit for any continuous active military or <br /> merchant marine service prior to employment. The employee must contribute an amount <br /> equal to the contribution for current and prior service that the employee and the employer <br /> would have made with respect to that period of service. <br /> 13.5 2.7% at 55 Service Retirement Benefit for Classic Miscellaneous Members. The City <br /> agrees to provide Miscellaneous employees covered by this MOU with the 2.7% at 55 <br /> Service Retirement benefit pursuant to Ca1PERS regulations. This formula will apply to <br /> each year of eligible service credited with the City of Santa Ana. <br /> Employee Contribution for Retirement Benefit. The employee's contribution rate will be <br /> eight percent (8%). All employee contributions for retirement benefits are paid to the <br /> employer cost (i.e., employer contribution) in accordance with Government Code Section <br /> 20516(f). The parties acknowledge that this provision has been mutually negotiated and <br /> incorporated as an essential element of the parties' MOU. In the event that either party <br /> wishes to modify this provision in a successor MOU, the parties intend for this provision <br /> to remain unchanged until a successor MOU is ratified or impasse procedures have been <br /> concluded. <br /> Pre-Taxable Benefit. To the extent permitted by Ca1PERS and Internal Revenue Service <br /> regulations, the City shall make the above employee deductions pre-tax contributions. <br /> 13.6 For "New Members" within the meaning of the California Public Employees' Pension <br /> Reform Act ("PEPRA") of 2013. <br /> The PEPRA went into effect on January 1,2013. The parties agree that if there is any other <br /> clean up or other retirement legislation which goes into effect during this MOU and if there <br /> are provisions of that legislation which,by law, automatically goes into effect, either party <br /> may request to negotiate over the legislation, including over the impact. <br /> Retirement Formula: Per Government Code Section 7522.20(a), the 2%@ 62 retirement <br /> formula for non-sworn. <br /> Final compensation will be based on the highest annual average compensation earnable <br /> during the thirty-six (36) consecutive months immediately preceding the effective date of <br /> their retirement, or some other thirty-six (36) consecutive month period designated by the <br /> member. <br /> Employees shall pay one half(1/2) of the normal cost rate, as established by CalPERS. <br />