Common use of Employees Hired On or After January 1, 2013 Clause in Contracts

Employees Hired On or After January 1, 2013. Effective January 1, 2013, new members to CalPERS or an agency with CalPERS’ reciprocity will be subject to the provisions of the Public Employee’s Pension Reform Act of 2013 (PEPRA) and will receive the 2% @ 62 benefit formula. This plan provides 2 percent of pay at age 62 for each year of service credited with the City. Employees pay 50 percent of the normal cost rate on a pretax basis to be calculated by CalPERS. In addition, new members must be at least 52 years of age with 5 or more years of CalPERS-credited service in order to retire with a normal service retirement through the CalPERS system, and their retirement allowance will be based on the average of their last 3 years of compensation prior to retirement. Employees who are current members of CalPERS or an agency with CalPERS’ reciprocity, or who have less than a 6-month break in service between employment in a CalPERS (or reciprocal) agency, or who have previously been employed by the City of Montclair will be enrolled in the 2% @ 60 formula. Employees under this formula pay 6 percent of the member’s required contribution on a pretax basis, as in items 2.a. above, and effective June 27, 2016, as in 2.c. above. Except as otherwise provided for in this MOU for retiree-medical benefits and CalPERS-related retirement benefits, to retire from the City and be eligible for City- provided retirement benefits other than CalPERS retirement benefits, an employee must be at least 50 years of age with 25 or more years of continuous service to the City; e.g., to receive the 25-year retiree-medical benefit, an employee must be at least 50 years of age and have a minimum of 25 consecutive years of service with the City. This plan provides employees with the "Increased-Level 1959 Survivor Benefits" and the optional "Military Service Credit as Public Service." Employees are allowed to purchase, at their expense, up to 4 years of CalPERS service credit for any continuous active military or merchant marine service prior to employment with the City. The employee must contribute an amount equal to the contribution for current and prior service that the employee and City would have made with respect to that period of service. Employee's payments will be calculated by CalPERS.

Employees Hired On or After January 1, 2013. Effective January 1, 2013, new members to CalPERS or an agency with CalPERS’ reciprocity will be subject to the provisions of the Public Employee’s Pension Reform Act of 2013 (PEPRA) and will receive the 22.7% @ 62 57 benefit formula. This plan provides 2 2.7 percent of pay at age 62 57 for each year of service credited with the City. Employees pay 50 percent of the normal cost rate on a pretax basis to be calculated by CalPERS. In addition, new members must be at least 52 50 years of age with 5 or more years of CalPERS-credited service in order to retire with a normal service retirement through the CalPERS system, and their retirement allowance will be based on the average of their last 3 years of compensation prior to retirement. Employees who are current members of CalPERS or an agency with CalPERS’ reciprocity, or who have less than a 6-month break in service between employment in a CalPERS (or reciprocal) agency, or who have previously been employed by the City of Montclair will be enrolled in the 23% @ 60 55 formula. Employees under this formula pay 6 percent of the member’s required contribution on a pretax basis, as in items 2.a. above, and effective June 27, 2016, as in 2.c2.b. above. In the case of a pending normal service retirement, the City requests that the employee submit a minimum 3-month written notice of his/her pending reitrement to the department head/City Manager/Personnel Committee. Except as otherwise provided for in this MOU Agreement for retiree-medical benefits and CalPERS-related retirement benefits, to retire from the City and be eligible for City- provided retirement benefits other than CalPERS retirement benefits, an employee must be at least 50 years of age with 25 or more years of continuous service to the City; e.g., to receive the 25-year year-retiree-medical benefit, an employee must be at least 50 years of age and have a minimum of 25 consecutive years of service with the City. This plan provides employees If an employee should leave City employment prior to age 50 and is no longer eligible for membership in the CalPERS system, the member contributions will be paid to the employee by CalPERS after termination. An employee with the "Increased-Level 1959 Survivor Benefits" and the optional "Military Service Credit as Public Service." Employees are allowed to purchase, at their expense, up to 4 5 or more years of CalPERS CalPERS- credited service credit may, however, leave the member contributions on deposit in the system, with interest, for any continuous active military or merchant marine service prior to employment with the City. The employee must contribute an amount equal to the contribution for current and prior service that the employee and City would have made with respect to that period of service. Employee's payments will be calculated by CalPERSfuture withdrawal.

Employees Hired On or After January 1, 2013. Effective January 1, 2013, new members to CalPERS or an agency with CalPERS’ reciprocity will be subject to the provisions of the Public Employee’s Pension Reform Act of 2013 (PEPRA) and will receive the 22.7% @ 62 57 benefit formula. This plan provides 2 2.7 percent of pay at age 62 57 for each year of service credited with the City. Employees pay 50 percent of the normal cost rate on a pretax basis to be calculated by CalPERS. In addition, new members must be at least 52 50 years of age with 5 or more years of CalPERS-credited service in order to retire with a normal service retirement through the CalPERS system, and their retirement allowance will be based on the average of their last 3 years of compensation prior to retirement. Employees who are current members of CalPERS or an agency with CalPERS’ reciprocity, or who have less than a 6-month break in service between employment in a CalPERS (or reciprocal) agency, or who have previously been employed by the City of Montclair will be enrolled in the 23% @ 60 55 formula. Employees under this formula pay 6 percent of the member’s required contribution on a pretax basis, as in items 2.a. above, and effective June 27, 2016, as in 2.c2.b. above. In the case of a pending normal service retirement, the City requests that the employee submit a minimum 3-month written notice of his/her pending retirement to the City Manager, or City Council in the case of the City Manager. Except as otherwise provided for in this MOU Agreement for retiree-medical benefits and CalPERS-related retirement benefits, to retire from the City and be eligible for City- provided retirement benefits other than CalPERS retirement benefits, an employee must be at least 50 years of age with 25 or more years of continuous service to the City; e.g., to receive the 25-year year-retiree-medical benefit, an employee must be at least 50 years of age and have a minimum of 25 consecutive years of service with the City. This plan provides employees If an employee should leave City employment prior to age 50 and is no longer eligible for membership in the CalPERS system, the member contributions will be paid to the employee by XxxXXXX after termination. An employee with the "Increased-Level 1959 Survivor Benefits" and the optional "Military Service Credit as Public Service." Employees are allowed to purchase, at their expense, up to 4 5 or more years of CalPERS CalPERS- credited service credit may, however, leave the member contributions on deposit in the system, with interest, for any continuous active military or merchant marine service prior to employment with the City. The employee must contribute an amount equal to the contribution for current and prior service that the employee and City would have made with respect to that period of service. Employee's payments will be calculated by CalPERSfuture withdrawal.

Employees Hired On or After January 1, 2013. Effective January 1, 2013, new members to CalPERS or an agency with CalPERS’ reciprocity will be subject to the provisions of the Public Employee’s Pension Reform Act of 2013 (PEPRA) and will receive the 22.7% @ 62 57 benefit formula. This plan provides 2 2.7 percent of pay at age 62 57 for each year of service credited with the City. Employees pay 50 percent of the normal cost rate on a pretax basis to be calculated by CalPERS. In addition, new members must be at least 52 50 years of age with 5 or more years of CalPERS-credited service in order to retire with a normal service retirement through the CalPERS system, and their retirement allowance will be based on the average of their last 3 years of compensation prior to retirement. Employees who are current members of CalPERS or an agency with CalPERS’ reciprocity, or who have less than a 6-month break in service between employment in a CalPERS (or reciprocal) agency, or who have previously been employed by the City of Montclair will be enrolled in the 23% @ 60 55 formula. Employees under this formula pay 9 percent of the member’s required contribution on a pretax basis for the first five (5) years of employment pursuant to 2-CCR 569. Thereafter, the City will pay up to 3 percent of the member’s required contribution (EPMC) and employees will pay up to 6 percent of the member’s required contribution on a pretax basis, as in items 2.a. above, and effective June 27, 2016, as in 2.c. above. Except as otherwise provided for in this MOU for retiree-medical benefits and CalPERS-CalPERS- related retirement benefits, to retire from the City and be eligible for City- City-provided retirement benefits other than CalPERS retirement benefits, an employee must be at least 50 years of age with 25 or more years of continuous service to the City; e.g., to receive the 25-year retiree-medical benefit, an employee must be at least 50 years of age and have a minimum of 25 consecutive years of service with the City. This If an employee should leave City employment prior to age 50 and is no longer eligible for membership in the CalPERS system, the EPMC (currently up to 9 percent) will be paid to the employee by XxxXXXX after termination. An employee with 5 or more years of CalPERS-credited service may, however, leave the employer paid member contributions on deposit in the system, with interest, for future withdrawal. For plans with less than 100 active safety members, CalPERS mandates participation in risk pools based on each qualifying agency's service retirement formula. Once a plan provides employees with the "Increased-Level 1959 Survivor Benefits" and the optional "Military Service Credit as Public Service." Employees are is in a risk pool, it will not be allowed to purchase, at their expense, up to 4 years of leave and become a stand-alone plan. CalPERS service credit mandates certain contract provisions for any continuous active military or merchant marine service prior to employment with the Cityplans participating in risk pools. The employee must contribute an amount equal to the contribution for current and prior service that the employee and City would have made with respect to that period of service. Employee's payments will be calculated by CalPERS.Mandated benefits include:

Employees Hired On or After January 1, 2013. Effective January 1, 2013, new members to CalPERS or an agency with CalPERS’ reciprocity will be subject to the provisions of the Public Employee’s Pension Reform Act of 2013 (PEPRA) and will receive the 22.7% @ 62 57 benefit formula. This plan provides 2 2.7 percent of pay at age 62 57 for each year of service credited with the City. Employees pay 50 percent of the normal cost rate on a pretax basis to be calculated by CalPERS. In addition, new members must be at least 52 50 years of age with 5 or more years of CalPERS-credited service in order to retire with a normal service retirement through the CalPERS system, and their retirement allowance will be based on the average of their last 3 years of compensation prior to retirement. Employees who are current members of CalPERS or an agency with CalPERS’ reciprocity, or who have less than a 6-month break in service between employment in a CalPERS (or reciprocal) agency, or who have previously been employed by the City of Montclair will be enrolled in the 23% @ 60 55 formula. Employees under this formula pay 6 percent of the member’s required contribution on a pretax basis, as in items 2.a. above, and effective June 27, 2016, as in 2.c2.b. above. In the case of a pending normal service retirement, the City requests that the employee submit a minimum 3-month written notice of his/her pending retirement to the City Manager, or City Council in the case of the City Manager. Except as otherwise provided for in this MOU Agreement for retiree-medical benefits and CalPERS-related retirement benefits, to retire from the City and be eligible for City- provided retirement benefits other than CalPERS retirement benefits, an employee must be at least 50 years of age with 25 or more years of continuous service to the City; e.g., to receive the 25-year year-retiree-medical benefit, an employee must be at least 50 years of age and have a minimum of 25 consecutive years of service with the City. This plan provides employees If an employee should leave City employment prior to age 50 and is no longer eligible for membership in the CalPERS system, the member contributions will be paid to the employee by CalPERS after termination. An employee with the "Increased-Level 1959 Survivor Benefits" and the optional "Military Service Credit as Public Service." Employees are allowed to purchase, at their expense, up to 4 5 or more years of CalPERS CalPERS- credited service credit may, however, leave the member contributions on deposit in the system, with interest, for any continuous active military or merchant marine service prior to employment with the City. The employee must contribute an amount equal to the contribution for current and prior service that the employee and City would have made with respect to that period of service. Employee's payments will be calculated by CalPERSfuture withdrawal.

Employees Hired On or After January 1, 2013. Effective January 1, 2013, new members to CalPERS or an agency with CalPERS’ reciprocity will be subject to the provisions of the Public Employee’s Pension Reform Act of 2013 (PEPRA) and will receive the 2% @ 62 benefit formula. This plan provides 2 percent of pay at age 62 for each year of service credited with the City. Employees pay 50 percent of the normal cost rate on a pretax basis to be calculated by CalPERS. In addition, new members must be at least 52 years of age with 5 or more years of CalPERS-credited service in order to retire with a normal service retirement through the CalPERS system, and their retirement allowance will be based on the average of their last 3 years of compensation prior to retirement. Employees who are current members of CalPERS or an agency with CalPERS’ reciprocity, or who have less than a 6-month break in service between employment in a CalPERS (or reciprocal) agency, or who have previously been employed by the City of Montclair will be enrolled in the 2% @ 60 formula. Employees under this formula pay 6 percent of the member’s required contribution on a pretax basis, as in items 2.a. above, and effective June 27, 2016, as in 2.c. above. Except as otherwise provided for in this MOU for retiree-medical benefits and CalPERS-related retirement benefits, to retire from the City and be eligible for City- provided retirement benefits other than CalPERS retirement benefits, an employee must be at least 50 years of age with 25 or more years of continuous service to the City; e.g., to receive the 25-year retiree-medical benefit, an employee must be at least 50 years of age and have a minimum of 25 consecutive years of service with the City. This plan provides employees with the "Increased-Level 1959 Survivor Benefits" and the optional "Military Service Credit as Public Service." Employees are allowed to purchase, at their expense, up to 4 years of CalPERS service credit for any continuous active military or merchant marine service prior to employment with the City. The employee must contribute an amount equal to the contribution for current and prior service that the employee and City would have made with respect to that period of service. Employee's payments will be calculated by CalPERSXxxXXXX.

Employees Hired On or After January 1, 2013. Effective January 1, 2013, new members to CalPERS or an agency with CalPERS’ reciprocity will be subject to the provisions of the Public Employee’s Pension Reform Act of 2013 (PEPRA) and will receive the 22.7% @ 62 57 benefit formula. This plan provides 2 2.7 percent of pay at age 62 57 for each year of service credited with the City. Employees pay 50 percent of the normal cost rate on a pretax basis to be calculated by CalPERS. In addition, new members must be at least 52 50 years of age with 5 or more years of CalPERS-credited service in order to retire with a normal service retirement through the CalPERS system, and their retirement allowance will be based on the average of their last 3 years of compensation prior to retirement. Employees who are current members of CalPERS or an agency with CalPERS’ reciprocity, or who have less than a 6-month break in service between employment in a CalPERS (or reciprocal) agency, or who have previously been employed by the City of Montclair will be enrolled in the 23% @ 60 55 formula. Employees under this formula pay 6 percent of the member’s required contribution on a pretax basis, as in items 2.a. above, and effective June 27, 2016, as in 2.c2.b. above. Except as otherwise provided for in this MOU for retiree-medical benefits and CalPERS-related retirement benefits, to retire from the City and be eligible for City- provided retirement benefits other than CalPERS retirement benefits, an employee must be at least 50 years of age with 25 or more years of continuous service to the City; e.g., to receive the 25-year year-retiree-medical benefit, an employee must be at least 50 years of age and have a minimum of 25 consecutive years of service with the City. This plan provides employees RAFT If an employee should leave City employment prior to age 50 and is no longer eligible for membership in the CalPERS system, the member contributions will be paid to the employee by XxxXXXX after termination. An employee with the "Increased-Level 1959 Survivor Benefits" and the optional "Military Service Credit as Public Service." Employees are allowed to purchase, at their expense, up to 4 5 or more years of CalPERS CalPERS- credited service credit may, however, leave the member contributions on deposit in the system, with interest, for any continuous active military or merchant marine service prior to employment with the City. The employee must contribute an amount equal to the contribution for current and prior service that the employee and City would have made with respect to that period of service. Employee's payments will be calculated by CalPERSfuture withdrawal.

Employees Hired On or After January 1, 2013. Effective January 1, 2013, new members to CalPERS or an agency with CalPERS’ reciprocity and new employees to the City who have a 6-month or greater break in service between employment with the City and employment in a CalPERS (or reciprocal) agency will be subject to the provisions of the Public Employee’s Employees’ Pension Reform Act of 2013 (PEPRA) and will receive the 2“2.7% @ 62 57” benefit formula. This plan provides 2 2.7 percent of pay at age 62 57 for each year of service credited with the City. Employees pay 50 The City pays fifty percent (50%) of the normal cost rate to be calculated by CalPERS, and the employee pays fifty percent (50%) of the normal cost rate on a pretax basis to be calculated by CalPERSCalPERS and the cost of administration. In addition, new members must be at least 52 50 years of age with 5 or more years of CalPERS-–credited service in order to retire with a normal service retirement through the CalPERS system, and their retirement allowance will be based on the average of their last 3 years of compensation prior to retirement. Employees not currently or previously enrolled under PEPRA and who are current members of CalPERS or an agency with CalPERS’ reciprocity, or who have less than a 6-–month break in service between employment in a CalPERS (or reciprocal) agency, or who have previously been employed by the City of Montclair as a CalPERS member and are required to be enrolled under the formula specified in this paragraph, will be enrolled in the 2“3% @ 60 55” formula. Employees under this formula pay 6 percent of the member’s required contribution on a pretax basis, as in items 2.a. above, and effective June 27, 2016, as in 2.c. above. Except as otherwise provided for in this MOU for retiree-–medical benefits and CalPERS-– related retirement benefits, to retire from the City and to be eligible for City- City–provided retirement benefits other than CalPERS retirement benefits, an employee must be at least 50 years of age with 25 or more years of continuous service to the CityCity and retire with a normal service retirement; e.g., e.g. to receive the 25-year –year–retiree-–medical benefit, an employee must be at least 50 years of age and have a minimum of 25 consecutive years of service with the CityCity and retire with a normal service retirement. This plan provides employees with the "Increased-Level 1959 Survivor Benefits" and the optional "Military Service Credit as Public Service." Employees are allowed to purchase, at their expense, up to 4 years of CalPERS service credit for any continuous active military or merchant marine service If an employee should leave City employment prior to employment with age 50, and is no longer eligible for membership in the City. The employee must contribute an amount equal to CalPERS system, the contribution for current Employer Paid Member Contribution (EPMC) and prior service that the employee and City would have made with respect to that period of service. Employee's payments will be Member Contribution (both as calculated by CalPERS.) will be paid to the employee by CalPERS after termination. An employee with 5 or more years of CalPERS–credited service may, however, leave the EPMC and member contributions on deposit in the system, with interest, for future withdrawal; however, no further contributions by the employer or member shall be paid into the CalPERS system. For plans with less than 100 active safety members, CalPERS mandates participation in risk pools based on each qualifying agency’s service retirement formula. Once a plan is in a risk pool, it will not be allowed to leave and become a stand–alone plan. CalPERS mandates certain contract provisions for plans participating in risk pools. Mandated benefits include:

Employees Hired On or After January 1, 2013. Effective January 1, 2013, new members to CalPERS or an agency with CalPERS’ reciprocity and new employees to the City who have a 6-month or greater break in service between employment with the City and employment in a CalPERS (or reciprocal) agency will be subject to the provisions of the Public Employee’s Employees’ Pension Reform Act of 2013 (PEPRA) and will receive the 2“2.7% @ 62 57” benefit formula. This plan provides 2 2.7 percent of pay at age 62 57 for each year of service credited with the City. Employees pay 50 The City pays fifty percent (50%) of the normal cost rate to be calculated by XxxXXXX, and the employee pays fifty percent (50%) of the normal cost rate on a pretax basis to be calculated by CalPERSCalPERS and the cost of administration. In addition, new members must be at least 52 50 years of age with 5 or more years of CalPERS-–credited service in order to retire with a normal service retirement through the CalPERS system, and their retirement allowance will be based on the average of their last 3 years of compensation prior to retirement. Employees not currently or previously enrolled under XXXXX and who are current members of CalPERS or an agency with CalPERSXxxXXXX’ reciprocity, or who have less than a 6-–month break in service between employment in a CalPERS (or reciprocal) agency, or who have previously been employed by the City of Montclair as a CalPERS member and are required to be enrolled under the formula specified in this paragraph, will be enrolled in the 2“3% @ 60 55” formula. Employees under this formula pay 6 percent of the member’s required contribution on a pretax basis, as in items 2.a. above, and effective June 27, 2016, as in 2.c. above. Except as otherwise provided for in this MOU for retiree-–medical benefits and CalPERS-– related retirement benefits, to retire from the City and to be eligible for City- City–provided retirement benefits other than CalPERS retirement benefits, an employee must be at least 50 years of age with 25 or more years of continuous service to the CityCity and retire with a normal service retirement; e.g., e.g. to receive the 25-year –year–retiree-–medical benefit, an employee must be at least 50 years of age and have a minimum of 25 consecutive years of service with the CityCity and retire with a normal service retirement. This If an employee should leave City employment prior to age 50, and is no longer eligible for membership in the CalPERS system, the Employer Paid Member Contribution (EPMC) and Member Contribution (both as calculated by XxxXXXX) will be paid to the employee by CalPERS after termination. An employee with 5 or more years of CalPERS–credited service may, however, leave the EPMC and member contributions on deposit in the system, with interest, for future withdrawal; however, no further contributions by the employer or member shall be paid into the CalPERS system. For plans with less than 100 active safety members, CalPERS mandates participation in risk pools based on each qualifying agency’s service retirement formula. Once a plan provides employees with the "Increased-Level 1959 Survivor Benefits" and the optional "Military Service Credit as Public Service." Employees are is in a risk pool, it will not be allowed to purchase, at their expense, up to 4 years of leave and become a stand–alone plan. CalPERS service credit mandates certain contract provisions for any continuous active military or merchant marine service prior to employment with the Cityplans participating in risk pools. The employee must contribute an amount equal to the contribution for current and prior service that the employee and City would have made with respect to that period of service. Employee's payments will be calculated by CalPERS.Mandated benefits include:

Employees Hired On or After January 1, 2013. Effective January 1, 2013, new members to CalPERS or an agency with CalPERS’ reciprocity will be subject to the provisions of the Public Employee’s Pension Reform Act of 2013 (PEPRA) and will receive the 22.7% @ 62 57 benefit formula. This plan provides 2 2.7 percent of pay at age 62 57 for each year of service credited with the City. Employees pay 50 percent of the normal cost rate on a pretax basis to be calculated by CalPERS. In addition, new members must be at least 52 50 years of age with 5 or more years of CalPERS-credited service in order to retire with a normal service retirement through the CalPERS system, and their retirement allowance will be based on the average of their last 3 years of compensation prior to retirement. Employees who are current members of CalPERS or an agency with CalPERS’ reciprocity, or who have less than a 6-month break in service between employment in a CalPERS (or reciprocal) agency, or who have previously been employed by the City of Montclair will be enrolled in the 23% @ 60 55 formula. Employees under this formula pay 6 percent of the member’s required contribution on a pretax basis, as in items 2.a. and 2.b. above, and effective June 27December 28, 20162015, as in 2.c. above. Except as otherwise provided for in this MOU for retiree-medical benefits and CalPERS-CalPERS- related retirement benefits, to retire from the City and be eligible for City- City-provided retirement benefits other than CalPERS retirement benefits, an employee must be at least 50 years of age with 25 or more years of continuous service to the City; e.g., to receive the 25-year year-retiree-medical benefit, an employee must be at least 50 years of age and have a minimum of 25 consecutive years of service with the City. This If an employee should leave City employment prior to age 50, and is no longer eligible for membership in the CalPERS system, the EPMC (currently up to 9 percent) will be paid to the employee by XxxXXXX after termination. An employee with 5 or more years of CalPERS-credited service may, however, leave the employer paid member contributions on deposit in the system, with interest, for future withdrawal. For plans with less than 100 active safety members, CalPERS mandates participation in risk pools based on each qualifying agency's service retirement formula. Once a plan provides employees with the "Increased-Level 1959 Survivor Benefits" and the optional "Military Service Credit as Public Service." Employees are is in a risk pool, it will not be allowed to purchase, at their expense, up to 4 years of leave and become a stand-alone plan. CalPERS service credit mandates certain contract provisions for any continuous active military or merchant marine service prior to employment with the Cityplans participating in risk pools. The employee must contribute an amount equal to the contribution for current and prior service that the employee and City would have made with respect to that period of service. Employee's payments will be calculated by CalPERS.Mandated benefits include:

Employees Hired On or After January 1, 2013. Effective January 1, 2013, new members to CalPERS or an agency with CalPERS’ reciprocity will be subject to the provisions of the Public Employee’s Pension Reform Act of 2013 (PEPRA) and will receive the 22.7% @ 62 57 benefit formula. This plan provides 2 2.7 percent of pay at age 62 57 for each year of service credited with the City. Employees pay 50 percent of the normal cost rate on a pretax basis to be calculated by CalPERS. In addition, new members must be at least 52 50 years of age with 5 or more years of CalPERS-credited service in order to retire with a normal service retirement through the CalPERS system, and their retirement allowance will be based on the average of their last 3 years of compensation prior to retirement. Employees who are current members of CalPERS or an agency with CalPERS’ reciprocity, or who have less than a 6-month break in service between employment in a CalPERS (or reciprocal) agency, or who have previously been employed by the City of Montclair will be enrolled in the 23% @ 60 55 formula. Employees under this formula pay 6 percent of the member’s required contribution on a pretax basis, as in items 2.a. above, and effective June 27, 2016, as in 2.c. above. Except as otherwise provided for in this MOU for retiree-medical benefits and RAFT CalPERS-related retirement benefits, to retire from the City and be eligible for City- provided retirement benefits other than CalPERS retirement benefits, an employee must be at least 50 years of age with 25 or more years of continuous service to the City; e.g., to receive the 25-year year-retiree-medical benefit, an employee must be at least 50 years of age and have a minimum of 25 consecutive years of service with the City. This plan provides employees If an employee should leave City employment prior to age 50 and is no longer eligible for membership in the CalPERS system, the member contributions will be paid to the employee by XxxXXXX after termination. An employee with the "Increased-Level 1959 Survivor Benefits" and the optional "Military Service Credit as Public Service." Employees are allowed to purchase, at their expense, up to 4 5 or more years of CalPERS CalPERS- credited service credit may, however, leave the member contributions on deposit in the system, with interest, for any continuous active military or merchant marine service prior to employment with the City. The employee must contribute an amount equal to the contribution for current and prior service that the employee and City would have made with respect to that period of service. Employee's payments will be calculated by CalPERSfuture withdrawal.

Employees Hired On or After January 1, 2013. Effective January 1, 2013, new members to CalPERS or an agency with CalPERS’ reciprocity will be subject to the provisions of the Public Employee’s Pension Reform Act of 2013 (PEPRA) and will receive the 22.7% @ 62 57 benefit formula. This plan provides 2 2.7 percent of pay at age 62 57 for each year of service credited with the City. Employees pay 50 percent of the normal cost rate on a pretax basis to be calculated by CalPERS. In addition, new members must be at least 52 50 years of age with 5 or more years of CalPERS-credited service in order to retire with a normal service retirement through the CalPERS system, and their retirement allowance will be based on the average of their last 3 years of compensation prior to retirement. Employees who are current members of CalPERS or an agency with CalPERS’ reciprocity, or who have less than a 6-month break in service between employment in a CalPERS (or reciprocal) agency, or who have previously been employed by the City of Montclair will be enrolled in the 23% @ 60 55 formula. Employees under this formula pay 6 percent of the member’s required contribution on a pretax basis, as in items 2.a. above, and effective June 27, 2016, as in 2.c2.b. above. In the case of a pending normal service retirement, the City requests that the employee submit a minimum 3-month written notice of his/her pending reitrement to the department head/City Manager/Personnel Committee. Except as otherwise provided for in this MOU Agreement for retiree-medical benefits and CalPERS-related retirement benefits, to retire from the City and be eligible for City- provided retirement benefits other than CalPERS retirement benefits, an employee must be at least 50 years of age with 25 or more years of continuous service to the City; e.g., to receive the 25-year year-retiree-medical benefit, an employee must be at least 50 years of age and have a minimum of 25 consecutive years of service with the City. This plan provides employees If an employee should leave City employment prior to age 50 and is no longer eligible for membership in the CalPERS system, the member contributions will be paid to the employee by XxxXXXX after termination. An employee with the "Increased-Level 1959 Survivor Benefits" and the optional "Military Service Credit as Public Service." Employees are allowed to purchase, at their expense, up to 4 5 or more years of CalPERS CalPERS- credited service credit may, however, leave the member contributions on deposit in the system, with interest, for any continuous active military or merchant marine service prior to employment with the City. The employee must contribute an amount equal to the contribution for current and prior service that the employee and City would have made with respect to that period of service. Employee's payments will be calculated by CalPERSfuture withdrawal.