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Agreement with the Police Management Association <br />February 22, 2011 <br />Page 2 <br />4) Alternative Work Schedule: Allow employees to work a 4/10 schedule, unless exempted <br />by the Police Chief or assigned as Watch Commanders. <br />5) Employees retiring between July 1, 2010 and January 31, 2011 shall receive leave cash <br />out calculated to include a 6.5% increase in value. In no event shall this be construed as <br />"reportable compensation" to CalPERS. <br />6) Vacation Cash Out: For Fiscal Year 2010-2011, employees shall defer regular and/or <br />longevity vacation cash out. Effective July 1, 2011 through June 30, 2014, employees <br />may cash out up to 106 hours per year. <br />7) Management Vacation Cash Out: For Fiscal Year 2010-2011, employees shall defer <br />management vacation cash out. Effective July 1, 2011 through June 30, 2014, employees <br />may cash out up to 53 hours per year. <br />FISCAL IMPACT <br />There are first-year savings to the City of $486,268 for deferral of salary increases and leave <br />cash outs. There are additional ongoing savings of $47,907 per year for increased CalPERS <br />contributions. <br />APPROVED AS TO FUNDS AND ACCOUNTS <br />Kathie S. Gonzalez <br />Executive Director <br />Personnel Services Agency <br />Francisco Gutierrez <br />Executive Director <br />Finance & Management Services Agency `- <br />25E-2