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<br /> <br /> <br /> <br /> <br /> psyrell fer this unit. in erder te preyide this benefit te its eurrent "safety!! <br /> T #The City and the Association agree that eligible employees w44 shall pay <br /> .93% <br /> of the Citys employer contribution to CaIPERS. Additionally, -Dduring the term <br /> of this Agreement, the City and Association agree to the following: <br /> <br /> Effective Tanuary 1, 2012, the employee contribution shall be increased by <br /> .50% for a total contribution of 1.43%. <br /> <br /> Effective Tanuary 1, 2013, the employee contribution shall be increased by <br /> 1.0% for a total contribution of 2.43%. <br /> Effective Tanuary 1, 2014, the employee contribution shall be increased by <br /> 1.0% for a total contribution of 3.43%. <br /> Effective Aly 1, 2014, employees covered by this Agreement shall not <br /> <br /> contribute more toward the 3% at 50 retirement benefit than members of <br /> the firemen's Benevolent Association (FBA). <br /> <br /> 14.7 Yearly Actuarial Valuation Fluctuations. CalPERS provides the City with a yearly <br /> actuarial valuation informing it of its new employer contribution rate to be in effect <br /> July 1St of each year. The City and Association agree that the City's employer <br /> contribution rate will fluctuate from year to year based on the investment returns <br /> earned by the retirement system. The City agrees that current eligible "safety" <br /> <br /> employees paying to receive this benefit should also benefit from this yearly <br /> fluctuation in the City's annual actuarial valuation. As sueh, eurrent eligible " <br /> ° <br /> ° Agreement. during the term ef this Should the Citys employer <br /> contribution rate meet or exceed 25% during the term of this Agreement, the <br /> <br /> City and Association agree to a reopener of this section, but there shall be no <br /> changes without the mutual written agreement of the parties. <br /> <br /> AMENDED ARTICLE XXVI (new language in bold italics; deleted provisions lined out) <br /> <br /> 26.1 The term of this Agreement shall be from July 1, 2004 through June 30, 24919 2012 <br /> 2014. <br /> <br /> ARTICLE XXVII <br /> <br /> 27.0 RATIFICATION AND EXECUTION <br /> <br /> 27.1 The City and Association have reached an understanding as to certain <br /> recommendations to be made to the City Council for the City of Santa Ana and have <br /> agreed that the parties hereto will jointly urge said Council to adopt a new wage and <br /> salary resolution which will provide for the changes contained in said joint <br /> <br /> FMA Contract Extension: 2010-2014 Page 14 <br /> <br /> 25G-16 <br />