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• SAFETY POLICE PLAN OF THE CITY OF PLEASANTON(CALPERS ID: 4137785275) February 2012 Page 2 For 2012-2013 the percentage savings is(17.245%+1.025%)-(15.524%+0.000%)=2.746%. Based on the 2010 valuation,the ultimate employer annual dollar savings would then be 2.7%times the second tier fiscal year payroll. The Risk Pool's Payment on Amortization Bases is a temporary adjustment to the pool's contribution to"get the pool back on schedule".This temporary adjustment varies in amount and duration from pool to pool. As of June 30,2010 Existing Plan New Second Tier Nan 3.0%@50 3.0%©55 for newly hired members 2012-2013 Employer Contribution Rate: Risk Pool's Net Employer Normal Cost 17.245% 15.524% Risk Pool's Payment on Amortization Bases 6.436% 4.533% One-Year Final Compensation 1.025% 0.000% Phase out of Normal Cost Difference 0.000% 0.000% Amortization of Side Fund 0.000% 0.000% Total Employer Contribution Rate 24.706% 20.057% 2012-2013 Employee Contribution Rate 9.000% 9.000% To initiate an amendment to the contract, please follow the Contract Amendment Report process on MyCaIPERS with our Retirement Contract Services Unit, indicating your wish to contract for Section 20475 (Different Level of Benefits) and identifying the group(s)to which the benefit reduction applies. In sections 20463 (b)and (c),the California Public Employees'Retirement Law requires the governing body of a public agency within five days of receipt of the contract amendment cost analysis,to provide each employee organization with a copy of the analysis. If this cost analysis was requested by an employee organization, the employee organization is also required within five days of receipt of the analysis,to provide a copy of the analysis to the public agency. The June 30,2010 Section 2 Risk Pool actuarial valuation report applicable to your new second tier plan can be viewed on the following website: http://www.calpers.ca.gov/index.jsp?bc=/employer/actuarial-gasb/risk-pooling/valuation-reports.xm I If you have questions, please call(888)CaIPERS(225-7377). FRITZIE ARCHULETA,ASA,MAAA Senior Pension Actuary,CaIPERS