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7.2.D. - Page 3 <br /> increases to salary for individual employees will be granted at the discretion of the City <br /> Manager. <br /> ALTERNATIVES <br /> Direct staff to prepare alternative changes to Executive Management Summary of <br /> Benefits. <br /> FISCAL IMPACT <br /> The proposed changes to increase the employee share of pension cost from 7 to 12% <br /> and eliminate the City's payment of EPMC over three years, will result in an estimated <br /> $193,953 in savings during this three -year time frame, compared to current projected <br /> salary and benefit costs. Further ongoing savings to the City will accrue as new <br /> employees are hired under the revised retirement formulas. <br /> ENVIRONMENTAL REVIEW <br /> This resolution is not a "project" within the meaning of the California Environmental <br /> Quality Act. (Public Resource Code § 21065: Guidelines §15378) <br /> f <br /> 6 <br /> LEAH LOCKHART <br /> HUMAN RESOURCES MANAGER <br /> AUDREY SEYMOUR RAMBERG <br /> ASSISTANT CITY MANAGER <br /> ROBERT B. BELL <br /> CITY MANAGER <br /> Attachments <br /> 1. Amendments to the Executive Management Summary of Benefits <br /> 2. Resolution Amending the Salary and Wage Plan for Executive Management <br /> Classifications <br /> 3. Redlined - Executive Management Summary of Benefits <br />