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contribute 9.0% of their Ca1PERS reportable compensation towards the employee share <br /> and an additional 3.0% of their Ca1PERS reportable compensation towards the employer <br /> share (12%total employee contribution)for the Ca1PERS 3% (ai, 50 local safety plan. <br /> Effective July 11, 2020, Tier 1 Classic employees shall contribute an additional one-half <br /> percent (0.5%) of their CaIPERS reportable compensation toward the employer share <br /> (12.5%total employee contribution) for the Ca1PERS 3% @ 50 local safety plan. <br /> B. Employees hired on or after December 22,2012 (Tier 2 Classic) <br /> Employees hired on or after December 22, 2012 and before January 1, 2013, and <br /> employees hired on or after January 1, 2013 who are otherwise "classic" employees, are <br /> provided the Ca1PERS 3% @ 55 local safety plan with the 36-month final compensation <br /> period. Such employees shall contribute 9.0% of their Ca1PERS reportable compensation <br /> towards the employee share and an additional 3.0% of their Ca1PERS reportable <br /> compensation towards the employer share (12% total employee contribution) for the <br /> Ca1PERS 3% @ 55 local safety plan. <br /> Effective Jully 11, 2020, Tier 2 Classic employees shall contribute an additional one-half <br /> percent (0.5%) of their Ca1PERS reportable compensation toward the employer share <br /> (12.5%total employee contribution) for the Ca1PERS 3% @ 55 local safety plan. <br /> C. Employees hired on or after January 1,2013 (Tier 3 New-PEPRA) <br /> Employees hired on or after January 1, 2013 who are defined as "new" members by <br /> Ca1PERS are provided the Ca1PERS 2.7% @ 57 local safety plan with the 36-month final <br /> compensation period. Such employees shall contribute 50% of the normal cost for the <br /> 2.7% @ 57 local safety plan as established by Ca1PERS. <br /> For employees hired prior to-December 22, 20-12, the City shall provide for the employees covered by <br /> . _ . • . on - . • • <br /> Survivor's Benefit at the City's expense. The Military Service Buy Back option will be paid at the <br /> employee' expe <br /> to PERS as service credit in accordance with PERS requirements. <br /> The City, at its expense, contracts with PERS for the purpose of providing Section 21518 "Pre <br /> I .' . 9 D - : .- " -- - - <br /> • <br /> • _ • - . - • . - - • - • -- ••- : • ath, may elect to receive the Pre Retirement Option 2W <br /> 40 <br />