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THE CITY OF <br /> pL€ASANT©NC <br /> MEMORANDUM <br /> Date: August 24, 2012 <br /> To: Mayor Hosterman and Council Members <br /> From: Nelson Fialho, City Manager <br /> Re: City Council Agenda Report of August 16, 2011 <br /> At the City Council meeting on August 21, 2012, you requested that the agenda report, along <br /> with the minutes, dated August 16, 2011 (Introduction of Upcoming Negotiations between <br /> City of Pleasanton and the Pleasanton Police Officers Association (PPOA) and to Receive <br /> Public Input) be included in August 28, 2012 agenda packet. <br /> The August 2011 report included the White Paper on Pension Reform Action Plan, which was <br /> adopted as the framework for the City's strategy to address pension issues. In addition, the <br /> Council included three benchmarks: to eliminate negative amortization, reduce the City's <br /> overall pension cost and reduce personnel costs in its motion. <br />