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employment. This section applies to members whose effective date of retirement is <br />within four (4) months of separation from employment. <br />12.5 Military Service Credit as Public Service. Effective January 1, 2002, or as soon as <br />practicable thereafter, an employee covered by this Agreement may elect to purchase up <br />to four (4) years of service credit for any continuous active military or merchant marine <br />service prior to employment. The employee must contribute an amount equal to the <br />contribution for current and prior service that the employee and the employer would have <br />made with respect to that period of service. <br />12.6 2.7% at 55 Service Retirement Benefit for Miscellaneous Members. Effective January 1, <br />2009, the City agrees to amend its retirement contract with CalPERS to provide <br />Miscellaneous employees covered by this agreement with the 2.7% at 55 Service <br />Retirement benefit. Pursuant to CalPERS regulations, this new formula will apply to <br />employees that are in active status on the date this amendment takes effect. This new <br />formula will apply to each year of eligible service credited with the City of Santa Ana. <br />Payment toward the 2.7% at 55 Service Retirement Benefit. Miscellaneous employees <br />covered by this Agreement agree to pay 8.0% of Ca1PERS reportable compensation <br />toward the cost of the 2.7% at 55 enhanced retirement formula as set forth in Article 1V, <br />Section 43A. <br />Pre-Taxable Benefit. To the extent permitted by CalPERS and Internal Revenue Service <br />regulations, the City shall make the above employee deductions pre-tax contributions. <br />54 <br />25B-94