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Payment of New 2.7% at 55 Service Retirement Benefit, Miscellaneous employees covered by this Agreement agree to pay 6.3% of CalPERS reportable compensation toward the cost of the 2.7% at 55 enhanced retirement formula in the following manner; A. Effective July 1, 2007, the City shall deduct from each employee covered by this Agreement two percent (2%) of CalPERS reportable compensation to pay toward the cost of the new enhanced retirement formula. B. Effective July 1, 2008, the City shall deduct from each employee covered by this Agreement an additional two percent (21/o) of CalPERS reportable compensation (4% total) to pay toward the cost of the new enhanced retirement formula. C. Effective July 1, 2009, the City shall deduct from each employee covered by this Agreement an additional two point three percent (2.3%) of CalPERS reportable compensation (6.3% total) to pay toward the cost of the new enhanced retirement formula. D. Commencing December 1, 2011, all employees covered by this Agreement shall pay an additional 2% of their salary to pay for the employer portion of the City's PERS contribution. This contribution shall be paid in accordance with Government Code section 20516(f). With this additional 2% for cost sharing, for the period of December 1, 2011 through June 30, 2012, non- safety employees, who, prior to December 1, 2011, in accordance with Section 133C of the parties' MOU, paid 6.3% of their salary to pay for the employer portion of the City's PERS contribution, will pay 8.3% of their salary to pay for the employer portion of the City's PERS contribution. E. Commencing on July 1, 2012, all non-safety employees covered by this Agreement shall pay an additional 3.5% of their salary, who, prior to July 1, 2012, in accordance with Section 133D of the parties' MOU, paid 8.3% of their salary to pay for the employer portion of the City's PERS contribution, will pay 11,8% of their salary to pay for the employer portion of the City's PERS contribution in accordance with 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. 13.8 Credit for Unused Sick Leave. Effective January 1, 2002, a non-sworn employee covered by this Agreement can have unused accumulated sick leave at the time of retirement converted to additional service credit, pursuant to regulations prescribed by PERS. The City must report only those hours of unused sick leave that were accrued by the employee during the normal course of employment. This section applies to members whose effective date of retirement is within four (4) months of separation from employment. Effective July 1, 2007, the provisions of this section will also apply to sworn employees covered by this Agreement. 54 25A-77