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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 <br />to each year of eligible service credited with the City of Santa Ana. <br />Employee Contribution for Retirement Benefit. The employee's contribution rate will <br />be 8%. All employee contributions for retirement benefits are paid to the employer cost <br />(i.e., employer contribution) in accordance with Government Code section 20516(f). The <br />parties aelmowledge that this provision has been mutually negotiated and incorporated as <br />an essential element of the parties' MOU. In the event that either party wishes to modify <br />this provision in a successor MOU, the parties intend for this provision to remain <br />unchanged until a successor MOU is ratified or impasse procedures have been concluded. <br />Pre -Taxable Benefit. To the extent permitted by Ca1PERS and Internal Revenue Service <br />regulations, the City shall malce 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 <br />other clean up or other retirement legislation which goes into effect during this MOU and <br />if there are provisions of that legislation which, by law, automatically goes into effect, <br />either party may request to negotiate over the legislation, including over the impact. <br />Retirement Formula: Per Government Code Section 7522.20(a), the 2%c 62 retirement <br />formula for non -sworn. <br />Final compensation will be based on the highest annual average compensation earnable <br />during the 36 consecutive months immediately preceding the effective date of his or her <br />retirement, or some other 36 consecutive month period designated by the member. <br />Employees shall pay one half of the normal cost rate, as established by CalPERS. <br />41 <br />