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C. Payment toward the 2.7%at 55 Service Retirement Benefit. Employees defined in <br /> Section 13.3(A) contribute eight percent (8%) of their salary to the employer's <br /> share of the cost of the 2.7% at 55 enhanced retirement formula. All employee <br /> contributions to the employer's cost of the CalPERS retirement benefits shall be <br /> implemented as cost-sharing pursuant to Government Code Section 20516(f). To <br /> the extent permitted by CalPERS and the Internal Revenue Service, this eight <br /> percent (8%) contribution shall be implemented through payroll deductions on a <br /> pre-tax basis. <br /> Employees defined in. Section 13.3(B) shall contribute eight percent (8%) of their <br /> salary toward the employer contribution of the 2.7% at 55 retirement benefit. All <br /> employee contributions to CalPERS for their retirement benefits shall be <br /> implemented as cost-sharing pursuant to Government Code Section 20516(f). <br /> Pre-Taxable Benefit. To the extent permitted by CalPERS and Internal Revenue <br /> Service regulations, the City shall make the above employee deductions pre-tax <br /> contributions. <br /> 13.4 2.0% at 62 Service Retirement Benefit for Miscellaneous Members, <br /> A. The City agrees to provide Miscellaneous employees who were appointed to their <br /> classifications on or after January 1, 2013, and who are defined as new members <br /> under the California Public Employees' Pension Reform Act of 2013 (AB340), <br /> with the 2.0%at 62 Service Retirement benefit. <br /> Pursuant to CaIPERS regulations, this formula shall apply only to the <br /> aforementioned employees that are in an active status. This formula shall apply to <br /> each year of eligible service credited with the City of Santa Ana. <br /> B. Payment towards the 2.0%at 62 Service Retirement Benefit.Employees defined in <br /> 13.4(A) shall contribute at least fifty percent (50%) of normal cost of the 2.0% at <br /> 62 retirement benefit. <br /> Pre-Taxable Benefit. To the extent permitted by Ca1PERS and Internal Revenue <br /> Service regulations, the City shall make the above employee deductions pre-tax <br /> contributions. <br /> 13.5 Credit for Unused Sick Leave. <br /> A. An employee shall be permitted to have unused accumulated sick leave at the time <br /> of retirement converted to additional service credit at the rate of four thousandths <br /> (0,004)years of service credit for each eight(8)hour day of unused sick leave(i.e., <br /> two hundred (200) days of sick leave equals eight tenths (0.8) of an additional year <br /> of service credit). <br /> B. Effective July 19,2023,the maximum total unused sick leave that can be converted <br /> shall be ten (10) eight(8) hour working days equal to eighty(80) hours. <br /> CONFIDENTIAL ASSOCIATION OF SANTA ANA(CASA) MOU: JULY 1,2025 THROUGH JUNE 30,2028 <br /> Page 47 <br /> 13139922.1 SA370-001 <br />