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<br /> <br /> <br /> bears a reasonable rate of interest/growth given current financial markets, such as <br /> investments made pursuant to the then current Statement of Investment Policy for the <br /> City of Santa Ana. This program is for medical insurance premium reduction only and <br /> will be implemented by February 1, 2002, for an employee retiring after July 1, 2001. If <br /> an employee retires between July 1, 2001 and February 1, 2002, he or she will be <br /> eligible to participate in said plan; however, in no event, will he or she be eligible to <br /> utilize this program until February 1, 2002. Additionally, in no event shall said <br /> employee(s) be eligible for retroactive medical program reduction assistance prior to <br /> February 1, 2002. <br /> B. For Fiscal Year 2009-10, the City's annual contribution to the Medical <br /> Retirement Subsidy Plan for employees covered by this Resolution shall equal one and <br /> three-quarters' percent (1.75%) of the salary base of unrepresented Executive <br /> Management employees, which is equal to that provided for classifications represented <br /> by SAMA. <br /> 1. Effective October 2010, the payment of one and three-quarters' <br /> percent (1.75%) of base salary to the Medical Retirement Subsidy Plan for employees <br /> covered by this Resolution will be reduced by three-quarters of one percent (0.75%); <br /> therefore, the October 2010 payment by the City to the Medical Retirement Subsidy <br /> Plan for employees covered by this Resolution shall be one percent (1 of the salary <br /> base of unrepresented Executive Management employees, which is equal to that <br /> provided for classifications represented by SAMA. <br /> 2. Effective Fiscal Year 2011-12, the City's annual contribution to the <br /> Medical Retirement Subsidy Plan shall revert back to one and three-quarters' percent <br /> (1.75%) of the salary base of unrepresented Executive Management employees <br /> covered by this Resolution, which is equal to that provided for classifications <br /> represented by SAMA." <br /> E. That Section 7. Management Performance-Based Evaluation System, and <br /> subsections thereof, as amended, are hereby further amended to read as <br /> follows: <br /> "Section 7. Management Performance-Based Evaluation System. There is <br /> hereby established a performance based evaluation system for officers and employees <br /> employed in classes herein designated as unrepresented Executive Management (EM), <br /> the provisions of which are set forth herein below. <br /> 7.1 Purpose. The basic purpose of the performance-based evaluation system is <br /> to help attract, retain and motivate highly competent managers and to provide them with <br /> incentive to excel. <br /> 7.2 Salary Advancement Within Rate Ranges. The following provisions shall <br /> govern salary advancement within rate ranges for officers and employees in classes <br /> herein designated as unrepresented Executive Management (EM): <br /> 55A-35 <br />