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County of Hawaii Bargaining Unit 61 -Cost of Settlement (Period covered: 7/1/95-6/30/99) Fiscal Year 1999-2000 Prepaid legal premium is taxable Cost of proposed settlement to County of Hawaii in fiscal yeaz 1999-00: Lump Sum Salary Supplement (EBBS) effective 6/30/99 $ 31,146 10.46% across-the-board (ATB) increase at 11:59 p.m., 6/30/99 13,028 Increase in night differential pay effective 7/1/98 12 Total cost subject to fringe benefits 44,186 Certain fringe benefits (20.18%)* 8,917 Settlement costs to be paid during fiscal year 1999-00 53,103 Estimated cost of other fringe benefits: Employer's contribution to ERS (8.79% of total increased cost subject to fringe benefits)** 3,884 Vacation, sick leave and holidays (21% of increased cost subject to fringe benefits) 9,279 Total increased costs $ 66,266 Effect on base pay: Base pay $ 124,549 10.46% across-the-boazd (ATB) increase at 11:59 p.m., 6/30/99 13,028 Base pay at midnight, 6/30/99 $ 137,577 Annual effect on recurring costs: 10.46% across-the-board (ATB) increase at 11:59 p.m., 6/30/99 $ 13,028 Increase in night differential pay effective 7/1/98 6 Total increase in direct costs 13,034 Certain fringe benefits (20.18%)* 2,630 Total estimated increase in recurring costs $ 15,664 *Frnnge benefits include estimates for overtime, premium pay, hazard pay, standby, temporary assignment, compensatory time, workers' compensation, and unemployment benefits. **Actuarially detem»ned contribution rate for classes A and C per ERS annual actuarial valuation dated 6/30/98 (most recent available). However, changes made by the most recent legislative session will change this figure, but the new rates are not available yet. In addition, the amount of the County's contribution for FY00 is already established and will not change because of this payroll increase. EXHIBIT lb