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Public Employees' Pension Reform Act of 2013 (AB340), with the 2.0% <br />at 62 Service Retirement benefit. <br />Pursuant to ColPERS regulations, this formula shall apply only to the <br />aforementioned CASA employees that are in an active status. This <br />formula shall apply to each year of eligible service credited with the <br />City of Santa Ana. <br />Payment towards the 2.0% at 62 Service Retirement Benefit. Employees <br />defined In 13.4.A (above) covered by this MOU shall contribute at least <br />50% of normal cost of the 2.0% of 62 retirement benefit. <br />Pre -Taxable Benefit. To the extent permitted by CalPERS and Internal <br />Revenue Service regulations, the City shall make the above employee <br />deductions pre-tax contributions. <br />13.5 Credit for Unused Sick Leave. An employee covered by this MOU shall be <br />permitted to have unused accumulated sick leave at the time of retirement <br />converted to additional service credit at the rate of 0.004 years of service <br />credit for each eight -hour day of unused sick leave (i.e., 200 days of sick <br />leave equals .80 additional year of service credit). The City must report only <br />those days of unused sick leave that were accrued by fhe employee during <br />the normal course of employment. This section applies to members whose <br />effective date of retirement is within four (4) months of separation from <br />employment. <br />13.6 Military Service Credit as Public Service. An employee covered by this MOU <br />shall be permitted to purchase up to four (4) years of service credit for any <br />continuous active military or merchant marine service prior to employment. <br />The employee must contribute an amount equal to the contribution for <br />current and prior service fhat the employee and the employer would have <br />made with respect to that period of service. <br />13.7 Deferred Compensation, <br />A. Background. Prior to July 1, 7991, the City authorized an amount equal <br />to one percent (1.0%) of base pay for a deferred compensation <br />benefit for full time "confidential" employees. This benefit was treated <br />separately from salary, and was not included in the City's salary and <br />wage schedule. Effective July 1, 1991, to comply with CalPERS wage <br />reporting requirements, this benefit was added to the pay rate <br />CONFIDENTIAL ASSOCIATION OF SANTA ANA [CASA) MOU; JANUARY I, 2019 THROUGH JUNE 30, 2022 <br />Poge 59 <br />0108G5v2 <br />