RES 045 Draft 01 1996-1998 - Laserfiche WebLink

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. .- . . " County of Hawaii HGEA Unit 73. Two Year Additional Costs Fiscal Years 1996.97 . Note: There are no additional costs for the fiscal year ended June 30,1996 (FY96). Base pay at 6/30/96 FY97: Step movements, 7/1/96 - 6/30/97 (already approved) Total payroll cost in FY97 before arbitration decision Base pay at 6/30/97 before arbitration decision Results of arbitration: Across-the-board (A TB) increase of 2.25% on July 1, 1996 Shredding Plan effective July 1, 1996 Effect of ATB increases on step movements, 7/1/96 - 6/30/97 Total payroll cost in FY97 Base pay at 6/30/97 Less base pay at 6/30/97 before arbitration decision Increase to base during FY97 due to arbitration decision Determination of total increase in cost due to proposed contract: Total payroll cost for the fiscal year as per above calculations Less payroll cost for fiscal year before arbitration decision Total additional cost subject to fringe benefits Certain fringe benefit costs (15.42%)* Costs to be paid during fiscal year FY97 Employer's contribution to ERS (13.71 %)** Vacation, sick leave and holidays (21 %) Total increased costs Annual Affect on Payroll Cost Base Pay $ 310,912 $ 310,912 1,126 4,392 $ 312,038 $ 315,304 6,996 6,996 9,048 17,940 25 99 $ 328,107 $ 340,339 (315,304) $ 25,035 En1 $ 328,107 (312,038) 16,069 2,478 18,547 2,203 3,374 $ 24,124 *Fringe benefits included are estimates for overtime, premium pay, hazard pay, standby, temporary assignment, compensatory time, workers' compensation, and unemployment compensation. ** Actuarially determined contribution rate for classes A and C per ERS annual actuarial valuation dated 6/30/96. However, the amount ofthe County's contribution for fiscal year 1997 is already established and will not change because of this payroll increase. Future years' contributions will be affected.