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Agreement with FMA <br />May 5, 2008 <br />Page 2 of 2 <br />6. Promotion: Authorize Fire Chief, with City Manager approval, to <br />promote employees at top step, when appropriate. <br />7. 2.7o at 55 CalPERS "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 <br />1, 2007 = 2.0% <br />1, 2008 = Additional 2.Oo (total <br />1, 2009 = Additional 2.30 (total <br />amend CalPERS contract for <br />la, effective January 1, 2009. <br />retirement <br />of 4%) <br />of 6.30) <br />?.7o at 55 <br />Funds for contract extension are available in the affected Fire Department <br />division salary and benefit accounts (object codes 6111 and 6171 <br />respectively). There is no new cost for FY 2007-08. <br />APPROVED AS TO FUNDS AND ACCOUNTS: <br />Enriqu A <br />Execu i e D'r ctor <br />Perso nel Services Department <br />Francisco Gutierrez <br />Executive Director <br />Finance & Management Services Agency~,~ <br />25P-2 <br />