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The City's contract with PERS provides for the following options: Credit for Unused Sick <br /> Leave; 3% @50 Retirement Formula; Single Highest Year Option; and the PERS Military <br /> Buyback Provision. <br /> Effective July 7, 2012, the City modified the formula to provide for the 3%@55 retirement <br /> formula with three highest year option for new employees hired on or after the resolution is <br /> adopted by the City Council. <br /> For employees hired on/after January 1, 2013 that are defined as "new members"by CalPERS, <br /> the City shall provide the 2.7% @ 57 retirement formula established by PEPRA. <br /> Section 16. Uniforms <br /> The City shall provide all necessary safety and protection clothing, as defined by the City <br /> Manager. The City shall provide one hundred percent(100%) of the initial purchase price of <br /> uniforms for those new employees required to wear a prescribed uniform. The quantity of <br /> mandatory uniforms for new employees will be determined by the City Manager and Chief of <br /> Police <br /> 16.1 Uniform Allowance <br /> The annual uniform allowance of one thousand five hundred dollars ($1,500.00) shall be paid <br /> on the first pay day on or after March 1 st of each year. <br /> Section 17. Educational Incentive Tuition and Book Reimbursement Program <br /> 17.1 Educational Incentive <br /> All regular employees are eligible for educational incentive pay for possession of a college <br /> degree as specified below: <br /> Classification Eligible Degree Incentive Pay <br /> Police Officer AA 2.5% <br /> BA/BS 5.0% <br /> MS/MA 5.0% <br /> Police Sergeant BS/BA 5.0% <br /> MS/MA 5.0% <br /> The employee's degree must be awarded from a community college, college, or university <br /> accredited by one of the Association of Schools and Colleges (standardized list of Associations <br /> established by the Human Resources Department) and in a recognized academic or professional <br /> field as determined by the Chief of Police and Human Resources. The decision of the Chief of <br /> Police shall be final. <br /> Incentive pay shall be a percentage of the monthly base salary. The maximum incentive pay an <br /> employee may receive is five percent. Should an employee be promoted to a position requiring <br /> the degree for which he/she is currently receiving incentive pay said incentive pay shall cease. <br /> 22 <br />