RES 103 Draft 01 1996-1998 - Laserfiche WebLink

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. Sheet2 County of Hawaii Excluded Managerial Employees Additional Costs Fiscal Years 1996.97 -~---------~-- --- ~-~-~ . Note: There are no additional costs/or the fiscal year ended June 30,1996 (FY96). Base pay at 6{30/96 FY97: Within range progressions, 7/1/96 - 6130/97 (already approved) Total payroll cost in FY97 before additional costs Base pay at 6/30/97 before additional costs Additional costs due to this adjustment: Across-the-board (A TB) increase of 2.25% on July 1, 1996 Shredding Plan effective July 1, 1996 Total payroll cost in FY97 Base pay at 6{30197 Less base pay at 6{30/97 before this adjustment Increase to base during FY97 due to this adjustment Determination of total increase in cost due to this adjustment: Total payroll cost for the fiscal year as per above calculations Less payroll cost for fiscal year before this adjustment Total additional cost subject to fringe benefits Certain fringe benefit costs (10.25%)* 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 $3,857,760 $ 3,857,760 33,677 133,326 $3,891,437 $ 3,991,086 86,796 86,796 98,352 195,552 $4,076,585 $ 4,273,434 (3,991,086) $ 282,348 EI21 $4,076,585 (3,891,437) 185,148 18,978 204,126 25,384 38,881 $ 268,391 *Fringe benefits included are estimates for FICA, overtime, premium 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 of the 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. EMCP .XLS