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Agreement with PMA <br />June 4, 2007 <br />Page 2 of 2 <br />5. Alternative work schedule: Effective July 1, 2007 = Reopener to <br />discuss the possibility of an alternative work schedule. <br />6. 2.7°s at 55 Ca1PERS "Miscellaneous Employee" Retirement Formula: <br />A. Employees agree <br />formula: <br />July <br />July <br />July <br />B. City agrees to <br />retirement formu <br />FISCAL IMPACT <br />to contribute toward enhanced retirement <br />1, 2007 = 2.Oo <br />1, 2008 = Additional 2.0°s (total of 4°s) <br />1, 2009 = Additional 2.3°s (total of 6.30) <br />amend Ca1PERS contract for 2.7% at 55 <br />La, effective January 1, 2009. <br />Funds for contract extension are available in the affected departmental <br />accounts: Salary account (Object Code 6111) and Benefits account (Object <br />code 6171), There is no new cost for FY 2007-08. <br />APPROVED AS TO FUNDS AND ACCOUNTS: <br />~~?~ <br />nrique J.; Alv <br />Executi Dir c or <br />Person 1 Se ices Department <br />.-3iC~ -`.-sue <br />Francisco Gutierrez <br />Executive Director <br />Finance & Management Services Agency <br />25F-2 <br />