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PEPRA COST SHARING <br /> ® Target of 50% of total normal cost for everyone <br /> • New members must pay greater of 50% of total normal cost or bargained <br /> amount if higher <br /> • Employer cannot pay any part of new member required employee contributions <br /> • Employer may impose current employees pay 50% of total normal cost(limited <br /> to certain amounts) if not agreed through collective bargaining by 1/1/18 <br /> • Fire Safety Plan: <br /> Current Members New Members <br /> Tier 1 Tier 2 Tier 3 <br /> 3%(a,50 3%(a,55 2.7%(a,57 <br /> • Employer Normal Cost 17.7% 15.1% 10.5% <br /> • Member Normal Cost 9.0% 9.0% 10.5% <br /> • Total Normal Cost 26.7% 24.1% 21.0% <br /> • 50% Target 13.35% 12.05% 10.5% <br /> March 18,2014 27 =8 <br /> PEPRA COST SHARING <br /> • Police Safety Plan <br /> Current Members New Members <br /> Tier 1 Tier 2 Tier 3 <br /> 3%a@50 3%(a,55 2.7%(&57 <br /> • . Employer Normal Cost 18.4% 15.4% 11.5% <br /> • Member Normal Cost 9.0% 9.0% 11.5% <br /> • Total Normal Cost 27.4% 23.4% 23.0% <br /> • 50% Target 13.7% 11.7% 11.5% <br /> March 18,2014 28 <br />