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Benefits: Continuation of current medical and dental benefits; employee medical <br />and dental contribution to remain at the same level as in 2009. Employees <br />to pay 50% of the increase for 2011. <br />Furlough: Employees' annual salary will be reduced by 4.6% for 24 pay periods and <br />City Offices will be closed on 12 designated days during the calendar year <br />with the exception of specially designated positions as determined by the <br />City Manager. <br />Retirement: Effective upon ratification, the retirement rate for new miscellaneous <br />employees will be reduced to 2% at 55 with three highest years, rather <br />than the current 2.5% at 55 and single highest year. <br />Current City Council Policy <br />Not Applicable <br />Previous City Council Action(s) <br />Not Applicable <br />City Council Committee Review and Action <br />Not Applicable <br />Applicable General Plan Policy <br />Not Applicable <br />Permits and/or Variances Granted <br />Not Applicable <br />Environmental Review <br />Not Applicable <br />Code Compliance Review <br />Not Applicable <br />Board/Commission Findings <br />Not Applicable <br />Summary of Public Outreach Efforts <br />Not Applicable <br />Fiscal Impact <br />No increase in salaries for covered employees; employee furlough and the accompanying 4.6% <br />reduction in pay results in a savings of approximately $600,000; no increase in medical and <br />dental costs due to reductions in staff. <br />Budget Authority <br />Not Applicable <br />Attachments <br />None <br />