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ARTICLE+" XII 12.0 RETIREMENT 12.1 General. The terms of the existing contract between the City and the California Public Employees' Retirement System (CalPERS) governing City retirement benefits for affected employees are incorporated by reference herein. Each Part Time Civil Service employee shall be a member of the CaIPERS system, and the City shall make contributions to CaIPERS in accordance with its contract with CalPERS for affected employees covered by said contract as amended. 12.2 Deferred Retirement, The City will continue to make payments to GRIPERS on behalf of each employee covered by this agreement, in an amount necessary to pay 100% of his or her individual employee retirement contribution which is equal to eight percent (8 %). Such payments shall be credited to the individual employee's CalPERS account. Such payments are not increases in base salary and no salary rate range applicable to any of the employees covered by this Agreement shall be changed or deemed to have been changed by reason thereof, As a result, the City will not treat these payments as ordinary income and, thus, will not withhold federal or state income tax from said payments. For the purpose of reporting an employee's compensation to CalPERS, the City shall include these payments as if they were a part of the employee's base salary. 12.3 2.7% at 55 Retirement Benefit. Effective January 1, 2009, the City amended its retirement contract with CaIPERS to provide Classic Miscellaneous employees covered by this Agreement with the 2.7% at 55 Service Retirement benefit. Pursuant to CalPERS regulations, this formula applied to employees who were -in active status on that date. Payment of 2.7% at 55 Service Retirement Benefit for Classic Miscellaneous Members. , Miscellaneous employees covered by this Agreement shall pay nine (9 %) percent of their salary to pay for the employer portion of the City's CaIPERS contribution. This payment shall be paid in accordance with Government Code section 20516(1) as set forth in Article IV, Section 4.313 and C. Pre - taxable Benefit. To the extent permitted by CaIPERS and Internal Revenue Service regulations, the City shall make the above employee deduction as a pre-tax contribution. 12.4 Credit for Unused Sick Leave. Effective as soon as practicable following Council approval of this Agreement, an employee covered by this Agreement can have unused, accumulated sick leave at the time of retirement converted to additional service credit at the rate of 0.004 years of service credit for each eight (8) hours of unused sick leave. 12.5 Military Service Credit as Public Service. Effective as soon as practicable following Council approval of this Agreement, an employee covered by this Agreement may elect to purchase up to four (4) years of service credit for any continuous active military, 29 25J -31