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PEPRA COST SHARING • Target of 50% of total normal cost for everyone • New members must pay greater of 50% of total normal cost or bargained amount if higher • Employer cannot pay any part of new member required employee contributions • Employer may impose Classic employees pay 50% of total normal cost (limited to 8%Miscellaneous, 12% Safety) if not agreed through collective bargaining by 1/1/18 • Miscellaneous Plan: Classic Members14 New Members Tier 1 PEPRA 2.7%(&755 FAE1 2%(&762 FAE3 • Employer Normal Cost 12.40% 6.46% • Member Normal Cost 8.00% 6.25% • Total Normal Cost 20.40% 12.71% • 50% Target 10.20% 6.36% Estimated t December 19,2017 57 P EASANTON. PEPRA COST SHARING • Police Safety Plan: Classic Members New Members Tier 1 Tier 2 PEPRA 3%(a750 FAE1 3%(&755 FAE3 2.7%(x757 FAE3 • Employer Normal Cost 20.56% 17.61% 12.14% • Member Normal Cost 9.00% 9.00% 12.00% • Total Normal Cost 29.56% 26.61% 24.14% • 50%Target 14.78% 13.31% 12.07% • Fire Safety Plan: Classic Members15 New Members Tier 1 Tier 2 PEPRA 3%(a),50 FAE1 3%(a755 FAE3 2.7%(Q757 FAE3 • Employer Normal Cost 19.30% 17.61% 11.43% • Member Normal Cost 9.00% 9.00% 10.50% • Total Normal Cost 28.30% 26.61% 21.93% • 50% Target 14.15% 13.31% 10.97% 15"Estimated nrt crt o. �... December 19.2017 58 LEASANTOAL