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Current Benefits & Contribution Rates <br /> _ Police Safety <br /> • Benefit Formula 3% @ 50 <br /> • FAE One Year (FAE1) <br /> • PRSA No <br /> • COLA 2% <br /> • EPMC 9.0%3 _ <br /> • 11/12 ER Contr. 24.1%4 <br /> • EPMC 9.0 <br /> • FE Cost Sharing 0.0 <br /> • PERS on PERS 3.0 <br /> • Total 36.1 <br /> 9%in the MOU.4.7%in the 2011/12 budget <br /> Side fund paid off at 6/30/11 <br /> August 16,2011 9 <br /> Alternative Benefits <br /> • Alternative Benefits--Employees Hired > 7/1/11 <br /> • Police Safety: 2%@50 <br /> • Estimated ER Normal Cost <br /> • Based on Pool Normal Cost from the 6/30/09 valuation <br /> • Estimated Savings <br /> • Projection based on benefits earned, not benefits being paid out <br /> • Tier 1 savings % apply to Tier 1 payroll, Tier 2 savings % apply to Tier 2 <br /> payroll <br /> August 16,2011 10 <br />