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1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />for reciprocity pursuant to the Code Section 7522.02(c) and <br />Section 579.3 of Title 2 of the California Code of Regulations; <br />or (iii) he or she who was an active CalPERS member prior to <br />January 1, 2013 with an employer other than the City, and then <br />after a break in service lasting more than six months, is hired by <br />the City after January 1, 2013. Employees who are not "new <br />members" are considered "classic members." <br />1. Retirement Formulas and Contributions <br />(a) Classic Members. <br />(i) Employees Hired Before July 1, 2010. Classic members who <br />are sworn employees hired before July 1, 2010 shall be enrolled in the City's 3% at 50 <br />retirement plan. The normal member contribution required by CalPERS, currently 9% of <br />PERSable compensation, shall be paid by each employee via salary reduction. Final <br />compensation shall be determined by using the "highest single year of compensation" <br />pursuant to California Government Code Section 20042. <br />(ii) Employees Hired On or After July 1, 2010. Classic members <br />who are sworn employees hired on or after July 1, 2010 shall be enrolled in the City's 3% at <br />55 retirement plan. The normal member contribution required by CalPERS, currently 9% of <br />PERSable compensation, shall be paid by each employee via salary reduction. Final <br />compensation shall be determined by using the "highest single year of compensation" <br />pursuant to California Government Code Section 20042. <br />(iii) Employees Previously Employed by the City. If the City hires a <br />classic member who was previously employed by the City as a sworn employee, such classic <br />member shall be enrolled in the retirement plan in which he or she was enrolled during his or <br />her prior employment with the City. <br />(b) New Members. <br />Pursuant to PEPRA, new members shall be enrolled in the 2.7% at 57 <br />retirement plan. PEPRA requires new safety members to contribute 50% of the annual <br />actuarially determined normal cost attributable to the applicable retirement plan in which they <br />are enrolled (i.e., 2.7% at 57 retirement plan), rounded to the nearest quarter of 1 percent. <br />This mandatory employee contribution amount is set by CalPERS on an annual basis. Final <br />compensation shall be determined based on a period of thirty-six (36) consecutive months as <br />required by PEPRA. PERSable compensation will be determined in accordance with PEPRA <br />and regulations adopted by CalPERS. <br />For miscellaneous members, each member shall pay the full amount of the normal member <br />contribution. Any Executive Group member that established CalPERS membership prior to <br />the implementation of the PEPRA in connection with City employment or that otherwise <br />establishes "classic member" status, as defined in Section 579.1 of the California Code of <br />Regulations, shall be subject to one of the following pre-PEPRA retirement formulas <br />Resolution No. R-31-14 <br />Page 4 of 15 <br />