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Resolution Pertaining to <br />March 5, 2012 <br />Page 2 <br />FISCAL IMPACT <br />Executive Management Employees <br />There is a cost savings of $ 65,655 to the City for increased CalPERS contributions and deferral <br />of longevity vacation cash-out for the remainder of the fiscal year. There are additional ongoing <br />savings of $51,095 for increased CalPERS contributions. <br />Edward S. aya <br />Executive Director <br />Personnel Services Agency <br />Francisco Gutierrez <br />Executive Director <br />Finance & Management Services Agency <br />55A-2