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9. Retirement - Amend the City's contract with the Public Employees' Retirement <br />System to provide the Military Service Buy -Back benefit. This contract amendment will <br />allow qualified members to purchase their military service time as service credit for <br />retirement purposes. <br />Fiscal Impact: The fiscal impact of the proposed agreement is as follows: <br />First Year: Wages 3.0% <br />Educational Incentive Plan: .75% <br />PDIP:.25% <br />Specialty Pay: .10% <br />Callout: .25% <br />Second Year: Wages: 4.0% <br />Uniform Allowance:.10% <br />Third Year: Wages: 4.5% <br />This agreement is in accordance with the City Council direction and authorization. If <br />approved, the wage and benefit package will permit the City to remain competitive with <br />surrounding agencies. <br />CONCLUSION <br />It is recommended that the City Council ratify the Memorandum of Understanding <br />between the City of San Leandro and the San Leandro Police Officers' Association. <br />f:/wp/sl poa/mourat. doc <br />3 <br />