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Side letter of Agreement #8 Livermore - Pleasanton Fire Department Joint Powers Authority And International Association of Fire Fighters, Local 1974, AFL - CIO -CLC The Livermore - Pleasanton Fire Department Joint Powers Authority and the International Association of Fire Fighters, Local 1974, AFL - CIO -CLC (IAFF) hereby agree to the following: IAFF members agree to begin sharing the PERS cost associated with the additional benefit of 3% at 50. The benefit cost sharing amount will be 2% of salary. Pursuant to Section 20516 (Employee Sharing Cost of Additional Benefits) applicable to Section 21362.2 (3% @ 50 Full formula) effective 02/12/2001 this requires CaIPERS to conduct an actuarial valuation and prepare a contract amendment. The City will expedite this request through PERS. Until the contract amendment is in effect, the members of Local 1974 agree to take a 2% salary reduction in base pay until such time that the PERS agreement is implemented. The 2% salary reduction will take effect the first full pay period of September, 2010. Once the PERS contract amendment is implemented, a pre -tax contribution to the cost of the additional benefit in the amount of 2% of salary will commence and remain in effect for the duration of the contract. The 2% salary reduction will be added back to the salary, bringing salary ranges back to current levels. Employee Paid Member Contribution (EPMC) levels will remain at 9% or 10.75% as defined in the current MOU. The parties further agree that IAFF members who meet the following criteria will be exempt from the 2% reduction in pay: Any IAFF member who meets the PERS retirement eligibility criteria and who will retire no later than September 1, 2011 may opt out of the 2% reduction in pay provision. Employees who meet these qualifications and choose to opt out must notify the City of Pleasanton HR department no later than September 4th 2010 (the beginning of the first full pay period in September). However, should an employee opt out and not retire by September 1, 2011 they will be responsible for reimbursing the City for the 2% they would have paid had they not opted out. The parties further agree that all other terms and conditions provided in the existing Memorandum of Understanding shall continue in full force and effect through the term of this MOU through December 31, 2011. Dated ?// / LOCAL 1974, INTERNATIONAL LIVERMORE - PLEASANTON FIRE ASSOCIATION OF FIREFIGHTERS, DEPARTMENT JOINT POWERS AFL -CIO- ( AUTHORITY By By Al Jas•, Nelson Fialho By Jas." r gyC�G�a , (7 1 1/1 - 64 1 7 - c_ Rick Bord�� ! Linda Barton I im Miguel /