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B. The City agrees to provide Miscellaneous employees covered by this <br />Agreement who are appointed to their classification on or after <br />January 1, 2013 and are not new members as defined by the <br />California Public Employees' Pension Reform Act of 2013 (AB340), with <br />the 2.7% at 55 Service Retirement benefit. Pursuant to CalPERS, this <br />formula shall apply only to the afore-mentioned CASA employees that <br />are in an active status. This formula shall apply to each year of eligible <br />service credited with the City of Santa Ana. <br />C. Payment toward the 2.7% at 55 Service Retirement Benefit. Employees <br />defined in Section 13.3.A (above) covered by this Agreement <br />contribute 8% of their salary to the employer's share of the cost of the <br />2.7% at 55 enhanced retirement formula. <br />All employee contributions to the employer's cost of the CalPERS <br />retirement benefits shall be implemented as cost - sharing pursuant to <br />Government Code Section 20516(f). To the extent permitted by <br />CalPERS and the Internal Revenue Service, this 8% contribution shall be <br />implemented through payroll deductions on a pre-tax basis. <br />Effective the first full pay period following City Council adoption of this <br />MOU employees defined in Section 13.3.13 (above) shall contribute 8% <br />of their salary toward the employer contribution of the 2.77o at 55 <br />retirement benefit. All employee contributions to CalPERS for their <br />retirement benefits shall be implemented as cost-sharing pursuant to <br />Government Code Section 20516(f). <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 />13.4 2.0% at 62 Service Retirement Benefit for Miscellaneous Members. <br />A. The City agrees to provide Miscellaneous employees covered by this <br />Agreement who were appointed to their classification on or after <br />January 1, 2013, and who are defined as new members under the <br />California Public Employees' Pension Reform Act of 2013 (AB340), with <br />the 2.0% at 62 Service Retirement benefit, <br />Pursuant to CalPERS regulations, this formula shall apply only to the <br />afore - mentioned CASA employees that are in an active status. This <br />formula shall apply to each year of eligible service credited with the <br />City of Santa Ana. <br />CONFIDENTIAL ASSOCIATION OF SANTA ANA (CASA) MOU: 2014 -2015 Page 50 <br />