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Estimated Savings <br /> (000's) <br /> Police Safe Formula <br /> 2% , 50 <br /> 1. City pays member contributions and <br /> includes in PERSablc wages <br /> • Tier 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) I 10.3% <br /> • Tier 1 Savin•s(21)11/12) I 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 Savin•sO11/12) 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 11U�� I I I r <br /> s <br /> 6. <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%I 9.0% 6.7%, <br /> 2018/19 26.7% 6.9% 2.1%I 9.0% 6.9%II <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 /> n sae <br /> August IA 2011 12 <br />