|
County of Hawaii
<br /> Bargaining Unit Ol Settlement Costs
<br /> July 1, 1999 (FY00) through June 30, 2003 (FY03)
<br /> Annual Affect on
<br /> Payroll Cost Base Pav
<br /> Effect ort payroll
<br /> FY00 & FYOJ - No Increase
<br /> Base pay at 10/IS/00 $ 13,239,537 $ (3,239,537
<br /> FY02 2%across-the-boazd (ATB) mcrease on July 2, 2001 264,791 264,791
<br /> 3%across-the-board (ATB) mcrease on January 1, 2002 202,565 405,130
<br /> Total payroll cost m FY02 $ 13,706,893
<br /> Base pay at 6/30102 $ 13,909,458
<br /> Base pay at 6/30/02 $ 13,909,458 $ 13,909,458
<br /> FY03 2% across-the-board (ATB) mcrease on July 1, 2002 278,189 278,189
<br /> 4% across-the-board (ATB) mcrease on January 1, 2003 283,753 567,506
<br /> Total payroll cost in FY03 $ 14,471,400
<br /> Base pay at 6/30.03 $ 14,755,153
<br /> Less base pay at 10/1/00 $ (13,239,537)
<br /> Increase to base pay due to this settlement $ 1,515,616
<br /> FY02 FY03 Total
<br /> L244L21 L2907=031 EY49=Q1
<br /> Determmattort of total mcrease m cost dye to proposed contract
<br /> Total payroll cost for each fiscal year as per above calculations $ 13,706,893 $ 14,471,400
<br /> Less base pay at begmnmg of each fiscal year (13,239,537) (13,706,893)
<br /> Totaladdihonalcost 467,356 764,507 $ 1,231,863
<br /> Add affect of prior year mcrease m base pay - 467,356 467,356
<br />
<br /> Total mcreased cos[ sub3ect to frmge benefits 467,356 1,231,863 1,699.219
<br />
<br /> Certam frmge benefit costs (27 77%)• 129,785 342,088 471,873
<br /> Bonus to Deferred Compeasahon Plan 66,264 144,576 210,840
<br /> Increased costs to be paid 663,405 1,718,527 2,381,932
<br /> Employer's contnbution to ERS (9 75% of total mcreased cost subject
<br /> to frmge benefits)' • 45,567 120,107 165,674
<br />
<br /> Vacation, sick leave and holidays (21% of total increased cos[ sublet[
<br /> to frmge benefits) 98,145 258,691 356,836
<br /> Total increased costs $ 807,117 $ 2,097,325 $ 2,904,442
<br /> •Frmge benefits mcluded are overtone, prenuum pay, temporary assigtunen[, compensatory time, meals, workers'
<br /> compensatton, and unemployment compensation
<br /> ''Actuarially de[emuned contnbution rate for classes A and C per ERS annual actuanal valuation dated
<br /> 6/30/00 However, [he amount of the County's contnbution for fiscal year 2000 is already
<br /> established and will not change because of [his payroll increase Fulure years' contributions will be
<br /> affected
<br />
<br />
|