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TENTATIVE AGREEMENT BETWEEN CITY OF REDWOOD CITY 6.1.13. - Page 11 <br />AND REDWOOD CITY POLICE OFFICERS' ASSOCIATION (RCPOA) <br />The seven percent (7 %) employee cost sharing of the employer cost of <br />retirement identified above shall end no later than the first full pay period <br />beginning on or after August 1, 2015. <br />All such employee contributions toward employer cost of retirement will <br />be made on a pre -tax basis. The contributions shall not be credited to the <br />employee account at CalPERS and shall not be reimbursed to the <br />contributor by the City at any time for any reason. <br />If beginning on or after the first full pay period of September 1, 2013, the <br />employer cost of retirement for the bargaining unit falls below thirty -seven <br />percent (37 %) at anytime, the employee contribution toward the employer <br />cost of retirement will be reduced by one percent (1 %) for each full one <br />percent reduction in the employer rate below 37 %. <br />June 92011 8 <br />