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Current Benefits & Contribution Rates <br /> _ Fire Safety <br /> • Benefit Formula 3% @ 50 <br /> • FAE One Year(FAEI) <br /> • PRSA No <br /> • COLA 2% <br /> • EPMC 9.0%4 <br /> • 11/12 ER Contr. 31.9 <br /> • EPMC 9.0 <br /> • EE Cost Sharing 0.0 <br /> • PERS on PERS 3.7 <br /> • Total 44.6 <br /> City pays 9%and employees take 2%salary reduction in 2011/12. <br /> October 4,2011 17 <br /> Alternative Benefits <br /> • Alternative Benefits— Employees Hired> 7/I/I1 <br /> • Fire Safety: 2%@50 <br /> • Estimated ER Normal Cost <br /> • Adjusted for demographic difference <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 /> October a,2011 18 <br />