CONFIDENTIAL ASSOCIATION OF SANTA ANA (CASA) (2010-2014)

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B. The City agrees to provide Miscellaneous employees covered by this Agreement who are appointed to their classification on or after January 1, 2013 and are not new members as defined by the California Public Employees' Pension Reform Act of 2013 (AB340), with the 2.7% at 55 Service Retirement benefit. Pursuant to CalPERS, this formula shall apply only to the afore-mentioned CASA employees that are in an active status. This formula shall apply to each year of eligible service credited with the City of Santa Ana. C. Payment toward the 2.7% at 55 Service Retirement Benefit. Employees defined in Section 13.3.A (above) covered by this Agreement began paying a total of 6.3% on July 1, 2009 toward the cost of the 2.7% at 55 enhanced retirement formula. Effective as soon as practicable following approval of the Memorandum of Understanding by the City Council, miscellaneous employees covered by this Agreement agree to contribute an additional 1 % toward the employer cost of the 2.7% at 55 retirement benefit, for a new total contribution of 7.3%. Effective the first full pay period of January 2012, CASA members agree to pay an additional .7% of their salary (for a total contribution of 8%) of the employer contribution. All employer contributions to CalPERS for their retirement benefits shall be implemented as cost- sharing pursuant to Government Code Section 20516(f). To the extent permitted by CalPERS and the Internal Revenue Service, this additional .7% shall be implemented through payroll deductions on a pre-tax basis. Employees defined in Section 13.3.13 (above) shall contribute 10.5% of their salary toward the employer contribution of the 2.7% at 55 retirement benefit. All employer contributions to CalPERS for their retirement benefits shall be implemented as cost-sharing pursuant to Government Code Section 20516(f). Pre-Taxable Benefit. To the extent permitted by CalPERS and Internal Revenue Service regulations, the City shall make the above employee deductions pre-tax contributions. 13.4 2.0% at 62 Service Retirement Benefit for Miscellaneous Members. A. The City agrees to provide Miscellaneous employees covered by this Agreement who were appointed to their classification on or after January 1, 2013, and who are defined as new members under the California Public Employees' Pension Reform Act of 2013 (AB340), with the 2.0% at 62 Service Retirement benefit. CONFIDENTIAL ASSOCIATION OF SANTA ANA (CASA) MOU: 2010 - 2014 Page 51