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Agreement with the Police Officers' Association (POA) <br />December 19, 2011 <br />Page 2 of 2 <br />Compensation for Overtime. From December 1, 2011 to June 30, 2013, members who work <br />overtime hours shall have those hours accrue as compensatory time off, not overtime pay. <br />Further, no members will be <br />permitted to cash out any compensatory time except upon separation from City service. <br />Holidays, Cash Option. From December 1, 2011 to June 30, 2013, members will defer the <br />ability to cash out annual holiday leave benefits. <br />Longevity Vacation, Cash Option. From December 1, 2011 to June 30, 2013, members will <br />defer the ability to cash out longevity vacation time. <br />3°(cD- 50 Service Retirement Benefit. Effective December 1, 2011, the employee contribution <br />shall be increased by 2% to a total of 4.42% (Safety) and 8.3% (non-Safety). Effective July 1, <br />2012, the employee contribution shall be increased an additional 3.5% for a total of 7.92% <br />(Safety) and 11.8% (non-Safety). <br />Layoffs. During fiscal year 2012-13, the City will meet and confer with POA over not only the <br />impact, but also the decision to lay off members. <br />FISCAL IMPACT <br />This agreement will result in a cost savings to the City of $3,640,000 during fiscal year 2011-12 <br />and $8,600,000 during fiscal year 2012-13 for a total net savings of $12,240,000 during the term <br />of the agreement. <br />Edward S. Raya <br />Executive Director <br />Personnel Services Agency <br />251-2