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ICMA -RC RHS Plan Investment Change <br />July 5, 2016 <br />Page 2 of 2 <br />In 2011, City staffwas advised by CalPERS that it was unnecessary to update Resolution 94 -027 <br />to reflect the local miscellaneous EPMC change from 7% to 8% since the City continued to pay <br />100% of the normal contributions for local miscellaneous. and local safety members. <br />Recently, CalPERS advised the City that an updated resolution was needed to memorialize the <br />current 8% EPMC for classic miscellaneous members and 9% for local safety members. <br />STRATEGIC PLAN ALIGNMENT <br />Approval of this item allows the City to meet Goal #7 — Team Santa Ana, Objective #6 (Provide a <br />positive workplace environment that supports the health of its employees and celebrates its <br />success and Goals). <br />FISCAL IMPACT <br />There is no fiscal impact associated with this resolution, as this is a procedural matter only. <br />0 � <br />Edward S. Raya <br />Executive Director <br />Personnel Services Agency <br />EXHIBIT: 1. Resolution <br />55A -2 <br />