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sharing pursuant to Government Code Section 20516(f) <br />1. Pre -Taxable Benefit. To the extent permitted by CalPERS and Internal <br />Revenue Service regulations, this eight percent (8%) employee contribution will be <br />implemented through payroll deductions on a pre-tax basis. <br />E. 2.0% at 62 Service Retirement Benefit for New Miscellaneous Members. The <br />City agrees to provide Executive Management (EM) employees covered by this <br />Resolution who were appointed to their classification on or after January 1, 2013, and <br />who are defined as new members under the California Public Employees' Pension <br />Reform Act (PEPRA) of 2013 (AB340), with the 2.0% at 62 Service Retirement benefit. <br />F. Payment of 2.0% at 62 Service Retirement Benefit. Executive Management <br />(EM) employees defined in 6.E. (above) will contribute at least 50% of normal cost of <br />the 2.0% at 62 retirement benefit. <br />1. Pre -Taxable Benefit. To the extent permitted by CalPERS and Internal <br />Revenue Service regulations, the City will make the above employee deductions pre-tax <br />contributions. <br />G. 3% at 50 Service Retirement Benefit for Classic Safety Members. The City <br />agrees to provide Executive Management (EM) employees covered by this Resolution, <br />and who are defined as Classic Safety Members under the California Public Employees' <br />Pension Reform Act (PEPRA) of 2013 (AB340), with the 3% at 50 Service Retirement <br />benefit. <br />H. Payment of 3.0% at 50 Service Retirement Benefit. Classic Safety Executive <br />Management (EM) employees defined in 6.G. (above) will contribute nine percent (9%) <br />of CaIPERS reportable compensation toward the employer cost of the 3.0% at 50 <br />enhanced retirement formula. This payment will be implemented as cost -sharing <br />pursuant to Government Code Section 20516(f). <br />1. Pre -Taxable Benefit. To the extent permitted by CaIPERS and Internal <br />Revenue Service regulations, this nine percent (9%) employee contribution will be <br />implemented through payroll deduction on a pre-tax basis. <br />I. 2.7% (a) 57 Retirement Benefit for New Safety Members. The City agrees to <br />provide Executive Management (EM) employees covered by this Resolution who were <br />appointed to their classification on or after January 1, 2013, and who are defined as <br />new members under the California Public Employees' Pension Reform Act (PEPRA) of <br />2013 (AB340), with the 2.7% @ 57 Service Retirement benefit. <br />J. Payment of 2.7% at 57 Service Retirement Benefit. Executive Management <br />(EM) employees defined in 6.1. (above) will contribute at least 50% of normal cost of the <br />2.7% at 57 retirement benefit. <br />1. Pre -Taxable Benefit. To the extent permitted by CaIPERS and Internal <br />Revenue Service regulations, the City will make the above employee deductions pre-tax <br />contributions. <br />