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SUBJECT: POLICE MASTER PLAN WITH COMPENSATION AND BENEFITS <br />DATE: MAY 9, 2017 <br />PAGE 17 OF 17 <br />RECOMMENDATION: <br />Staff would like to hear City Council's comments regarding the eight (8) options <br />presented, possible hybrids of the options listed above, and on any other options City <br />Council would like to consider. <br />Staff currently favors a combination of Option 1, add the City of Boulder to our Labor <br />Market cities and Option 5, adding the Fire, Police, and Pension Association (FPPA) <br />defined benefit retirement option. However, if the vote to join FPPA does not pass by <br />65% as is required, the alternative recommendation would be to combine Option 1 with <br />Option 6 which adds the City of Boulder to our Labor Market cities and offers an <br />increase to the Sworn Officers 401(a) contribution based on years of service. <br />The Police Department Master Plan is attached for your reference as well. <br />ATTACHMENT(S): <br />1. City of Louisville 2017 Benefits Guide <br />2. City of Louisville — Labor Market Benefits Survey — Retirement Details — 2017 <br />3. FPPA-State Wide Defined Benefit Plan with Social Security — SS 3.8.16 <br />4. FPPA — State Wide Death & Disability Plan — SS 3.8.16 <br />5. The Police Department Master Plan <br />CITY COUNCIL COMMUNICATION <br />