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rate ranges (8.09'°) for "miscellaneous-member' employees covered by <br />this Agreement. <br />For the purpose of reporting an employee's compensation to CaIPERS, the <br />City shall include these payments as if they were a part of the employee's <br />base salary. <br />14.4 2% at 55 for CaIPERS "Miscellaneous" Members. CaIPERS designated <br />"miscellaneous" employees represented by the Association shall be covered <br />by the 2% at 55 retirement benefit. <br />,~ <br />° ° <br />.Effective beginning <br />January 1, 2009, miscellaneous employees covered by this Agreement <br />shall be covered by the 2.79° at 55 retirement benefit, as specified in <br />section 14.14 below. <br /> <br />- , <br />° <br /> <br />f+t: ° <br />14.14 2.7~° at 55 Service Retirement Benefit for Miscellaneous Members. <br />The City agrees to amend its retirement contract with CaIPERS to <br />provide Miscellaneous employees covered by this Agreement with the <br />2.79'o at 55 Service Retirement benefit to be effective January 1, <br />2009. Pursuant to CaIPERS regulations, this new formula will apply to <br />all miscellaneous members covered by this Agreement that are in active <br />status on the date this amendment takes effect. This new formula will <br />apply to each year of eligible service credited with the City of Santa <br />Ana. <br />Payment of New 2.7% at 55 Service Retirement Benefit. Miscellaneous <br />employees covered by this Agreement agree to pay 6.39'° of CaIPERS <br />reportable compensation toward the cost of the 2.79'° at 55 enhanced <br />retirement formula in the following manner: <br />1. Effective July 1, 2007, the City shall deduct from each <br />miscellaneous employee covered by this Agreement two percent <br />(29'°) of CaIPERS reportable compensation to pay toward the cost <br />of the new enhanced retirement formulo. <br />25P-7 <br />