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Estimated Savings <br /> (000's) <br /> Police Safety Formula <br /> 2%@50 <br /> 1. City pays member contributions and <br /> includes in PERSablc wages <br /> • Tier 2 Savings 4.4% <br /> 2. City pay member contribution for Tier 1 <br /> and Tier 2 as in slide 12 <br /> • Tier 2 Savings (2011/12) 10.3% <br /> • Tier 1 Savings g)1 1/12) _ 5.9% <br /> 3. City pays EPMC for Tier 1 as in slide 12, <br /> no EPMC for Tier 2 <br /> • Tier 2 Savings (2011/12) 16.4% <br /> • Tier 1 Savings 011/12) 5.9% <br /> 4. City does not pay EPMC for either Tier 1 <br /> or Tier 2 <br /> • Tier 2 Savings 16.4% <br /> • Tier 1 Savings 12.0% <br /> August 16,2011 I I <br /> Estimated Savings <br /> (000's) <br /> Police <br /> Member Contribution <br /> Projected City <br /> Year City Rate EE Paid City Paid Total Savings <br /> 2011/12MOU 24.1% 0.0% 9.0% 9.0% n/a <br /> 2011/12 Budget 24.1% 4.3% 4.7% 9.0% 4.3% <br /> 2012/13 24.9% 5.1% 3.9% 9.0% 5.1% <br /> 2013/14 25.2% 5.4% 3.6% 9.0% 5.4% <br /> 2014/15 25.6% 5.7% 3.3% 9.0% 5.7% <br /> 2015/16 25.9% 6.1% 2.9% 9.0% 6.1% <br /> 2016/17 26.2% 6.4% 2.6% 9.0% 6.4% <br /> 2017/18 26.5% 6.7% 2.3% 9.0% 6.7% <br /> 2018/19 26.7% 6.9% 2.1% 9.0% 6.9% <br /> 2019/20 27.0% 7.2% 1.8% 9.0% 7.2% <br /> 2020/21 27.2% 7.4% 1.6% 9.0% 7.4% <br /> 2021/22 27.5% 7.7% 1.3% 9.0% 7.7% <br /> . <br /> August 16,2011 12 1,-- <br />