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2.7% @ 57 Service Retirement benefit. <br />The PEPRA went into effect on January 1, 2013. The parties agree that if there'is any other <br />clean up or other retirement legislation which goes into effect during this MOU and if there <br />are provisions of that legislation which, by law, automatically goes into effect, either party <br />may request.to negotiate over the legislation, including over the impact. <br />Final compensation for New Safety Members will be based on the highest annual average <br />compensation earnable during any 36 consecutive months preceding the effective date of his <br />or her retirement: <br />Effective July 1, 2013, employees covered under the 2.7% @ 57 retirement formula for <br />Safety shall pay one half of the normal cost rate, as established by CaIPERS. <br />14.7 Military Service Credit as Public Service. "Safety" employees and. "miscellaneous" <br />employees may elect to purchase up to four (4) years of service credit for any continuous <br />active military or merchant marine service prior to employment. The employee must <br />contribute an, amountequal to'the contribution for current and prior service that the.employee <br />and the employer would have made with respect -to that period of service. <br />14,8 Credit for Unused Sick Leave. A non-swom employee covered by this MOU can have <br />unused accumulated sick leave at the time of retirement converted to additional "service credit. <br />at the rate of 0,004 years of seryice .credit for each day, eight (8) hours per day, of unused <br />sick leave (i.e., 200 days of sick leave equals :80 additional years of service credit), pursuant <br />to regulations prescribed by PERS. The maximum. total unused sick leave that can be <br />converted shall be two hundred (200), eight (8) hours working days; (1600 hours). Any <br />accumulated sick leave in excess of 1600 hours shall be forfeited.. The City must report only <br />those hours of unused sick leave that were accrued by the employee during the normal course <br />of employment. This section applies to members whose effective date of retirement is within <br />four (4) months of separation from employment. The provisions of this section will also <br />apply to sworn employees covered by this 'MOU. <br />39 <br />251-41 <br />