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<br />For the purpose of reporting an employee's compensation to CaIPERS, the City shall <br />include these payments as if they were a part the employee's base salary. <br /> <br />12.6 Re.tircmoAt f:1caI3CAor. ~Jat'..;,'itAstaAaiA~ fRe (3revisisAS af l.rtiele XXIV, \Vaiver af <br />BarfjaiAiA~ D(jpiA~ the Term af tkis t.~PCel'ReAt, tAB City BAd UAieA may reS(30A <br />,A.rtic:le XII ~etircmeAt I far fRO f3l.:lPJ38SC af Ae~etiatiR~ SA'I flew Rotiremcl'1t <br />Farffil:lla far LeeallJ,isccllaAesl:Is Members tAst Cl:JPPcAtly is availaBle fa eSAtraetiAg <br />a~eAc:ics. <br /> <br />The bit}, ffflS Uf/-i8f/ SQree ts meet aM c-emffl8l'1Ce sisc-tlss/8I'1s perta;i<1il'/{!/ "Fe 81'1 <br />eflhaFICeti ,....et.\""emoot fsrmtJ/3 fiS 13t3,- t/c1sx '1M SSVS sff:er recBi~/,~ the scttlsrio.J <br />repsrt {rem b3IPE-RS 8>"l the C8St 8f p,"'8I':eil'/{!/ sl:Ieh f8rml:h'a. The IJ8rtv i""'eI1/:lCJStim;; <br />the meet//fflll'i// 8e .""'esP8I'1s.if:Jie f-sr IJ8v/1'/{!/ bslPERS f-sr the C-8st sf #/e sctliariai <br />,-e1S5,-t. <br /> <br />If AcgetiatisAS SA a nevI FePI'fu;lla far Leesl !;AiseellsAcslJs ".'lcmbcps is Sl.:lcccssfl.:lllr <br />eemJ3letcd, tke City will f3Psecca ta amel'ls its eSl'ltraet with the Califarl'lia PI:JBlic <br />Emllleyees ~etipel'tlel'!t System (bsIPERS) as SBBI'! as Ilpsetiea13le. <br /> <br />12.6 (new) 2,7'0 at 55 Service Retirement Benefit for Miscellaneous Members. <br />Effective January 1, 2009, the City agrees to amend its retirement contract <br />with CalPERS to provide Miscellaneous employees covered by this Agreement <br />with the 2,7'0 at 55 Service Retirement benefit, Pursuant to CalPERS <br />regulations, this new formula will apply to employees that are in active status <br />on the date this amendment takes effect. This new formula will apply to each <br />year of eligible service credited with the City of Santa Ana, <br /> <br />Payment of New 2.710 at 55 Service Retirement Benefit. Miscellaneous <br />employees covered by this Agreement agree to pay 6,3'0 of CalPERS <br />reportable compensation toward the cost of the 2.710 at 55 enhanced <br />retirement formula as set forth in Article IV, Section 4.3J, <br /> <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 /> <br />AMENDED ARTICLE XXVIII <br /> <br />28.1 The term of this Agreement shall be from June 7,2005 through June 30, 200810. <br />