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9 <br />Tier 2: For COA unit members hired on or after October 24, 2011 but before January 1, <br />2013, and employees hired on or after January 1, 2013 who are considered “classic <br />members” by CalPERS, retirement benefits shall be those established by the California <br />Public Employees’ Retirement System (CalPERS) for Local Safety Members, three percent <br />(3%) at age fifty-five (55) formula. Retirement benefits for Tier 2 COA members will be <br />calculated based on the average of three (3) years of compensation as authorized by <br />Section 20037 of the Government Code. <br /> <br />Tier 3: For COA unit members hired on or after January 1, 2013 and who fit the definition of <br />“new member” as set forth in Government Code Section 7522.02(f) the City will provide the <br />CalPERS two and seven-tenths percent (2.7%) at age fifty-seven (57) formula retirement <br />plan in accordance with Government Code Section 7522.25, based on the average of three <br />years of employment in accordance with Government code Section 7522.32. <br /> <br />13.2 Employee and Employer Contribution <br /> <br />Effective October 5, 2015, each Tier 1 and Tier 2 employee will contribute the member <br />contribution of six percent (6%), in addition to cost sharing of the employer’s cost described <br />in Article 13.3. The City shall continue to contribute on behalf of Tier 1 and Tier 2 employees <br />three percent (3%) member contribution to the retirement plan. <br /> <br />Effective October 31, 2016, the City shall eliminate the final three percent (3%) of the EPMC <br />for Tier 1 and Tier 2 employees, and each Tier 1 and Tier 2 employee will contribute the full <br />member contribution of nine percent (9%), in addition to cost sharing described in Article <br />13.3. <br /> <br />Tier 3 employees shall continue to pay the rate prescribed by the California Public <br />Employees’ Retirement System for employee contributions to the California Public <br />Employees’ Retirement System in accordance with the rules and regulations governing such <br />employee contributions, which consists of one-half of the total normal costs for pension, in <br />addition to the cost share amounts as listed in Article 13.3. New members shall be subject <br />to the provisions of the Public Employee Pension Reform Act (PEPRA), including provisions <br />governing reportable compensation. <br /> <br /> A summary of employee pension contributions is listed in Appendix A. <br /> <br /> <br /> <br /> <br />13.3 Employee Cost Sharing of Employer Contribution to Pension <br /> <br /> A summary of employee contributions is listed in Appendix A. <br /> <br />13.3.1 Cost Sharing for Members in Retirement Tier 1 (3%@50) and Tier 2 (3%@55) <br /> <br />A. 10% Cost Sharing under 20516 (f) <br />In accordance with Section 20516(f) of the Government Code, each unit <br />member shall pay ten percent (10%) of compensation earnable toward the <br />employer cost of retirement, in addition to paying their full member <br />contribution of 9%. The cost sharing described in this paragraph shall be <br />6.3.B. - Page 90