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2.7°% Cad 57 Retirement Benefit for New Safety Members. The City agrees to provide Safety <br />employees covered by this MOU who are defined as New Members under PEPRA with the <br />2.7% @ 57 Service Retirement benefit. <br />The California Public Employee's Pension Reform Act (PEPRA) went into effect on January <br />1, 2013. The parties agree that if there is any other clean up or other retirement legislation <br />which goes into effect during this MOU and if there are provisions of that legislation which, <br />by law, automatically goes into effect, either party may request to negotiate over the <br />legislation, including over the impact. <br />Final compensation for New Safety Members will be based on the highest annual average <br />compensation earnable during a period of at least 36 consecutive months preceding the <br />effective date of his or her retirement. per Government Code Section 7522.32. <br />Effective July 1, 2013, employees covered under the 2.7% @ 57 retirement formula for <br />Safety shall pay one half of the normal cost rate, as established by CalPERS. <br />14.7 Military Service Credit as Public Service. "Safety" employees and "miscellaneous" <br />employees may elect to purchase up to four (4) years of service credit for any continuous <br />active military or merchant marine service prior to employment. The employee must <br />contribute an amount equal to the contribution for current and prior service that the employee <br />and the employer would have made with respect to that period of service per Government <br />Code Section21024. <br />14.8 Credit for Unused Sick Leave at Retirement. All sworn and non -sworn employees covered <br />by this MOU can have unused accumulated sick leave at the time of retirement converted to <br />additional service credit at the rate of 0.004 years of service credit for each day, eight (8) <br />hours per day, ofunused sick leave (i.e., 200 days of sick leave equals .80 additional years of <br />service credit), pursuant to regulations prescribed by PERS. Effective upon adoption of this <br />MOU, the maximum total unused sick leave that can be converted shall be two -hundred fifty <br />days (250) eight (8) hours working days equal to two thousand (2000) hours. Any <br />accumulated sick leave in excess of 2000 hours shall be forfeited. The City must report only <br />those hours of unused sick leave that were accrued by the employee during the normal course <br />of employment. This section applies to members whose effective date of retirement is within <br />four (4) months or 120 days of separation from employment. (Government Code Section <br />20965) <br />41 <br />#11140v2 <br />