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County of Hawaii
<br />
<br /> Bargaining Unit 1 -Cost of Settlement (Period covered: 7/1/95-6/30/99)
<br /> Fiscal Year 1999-2000
<br /> Prepaid legal premium is taxable
<br /> Cost of proposed settlement to County of Hawaii in fiscal year 1999-00:
<br /> Lump Sum Salary Supplement (EBBS) effective 6/30/99 $ 2,217,293
<br /> 10.46% across-the-boazd (ATB) increase at 11:59 p.m., 6/30/99 1,145,090
<br /> Increase in night differential pay effective 7/1/98 40,090
<br /> New legal plan contributions, $7 per month effective 7/1/98 74,424
<br /> Total cost subject to fringe benefits 3,476,897
<br /> Certain fringe benefits (20.18%)* 701,638
<br /> Increase in Health Fund contributions, $7 per month effective 7/1/98 74,424
<br /> Licenses -Initial and renewal when required of position, eff. 7/1/95 21,000
<br /> Settlement costs to be paid during fiscal year 1999-00 4,273,959
<br />
<br /> Estimated cost of other fringe benefits:
<br /> Employer's contribution to ERS (8.79% of total increased cost subject to
<br /> fringe benefits)** 305,619
<br /> Vacation, sick leave and holidays (21% of increased cost subject to fringe benefits) 730,148
<br /> Total increased costs $ 5,309,726
<br />
<br /> Effect on base pay:
<br /> Base pay $ 10,947,321
<br /> 10.46% across-the-board (ATB) increase at 11:59 p.m., 6/30/99 1,145,090
<br /> Base pay at midnight, 6/30/99 $ 12,092,411
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<br /> Annual effect on recumng costs:
<br /> 10.46% across-the-board (ATB) increase at 11:59 p.m, 6/30/99 $ 1,145,090
<br /> Increase in night differential pay effective 7/1/98 20,045
<br /> New legal plan contributions, $7 per month effective 7/1/98 37,212
<br /> Taxable costs 1,202,347
<br /> Increase in Health Fund contributions, $7 per month effective 7/1/98 (NT) 37,212
<br /> Licenses -Initial and renewal when required of position, eff 7/1/95 4,200
<br /> Total increase in direct costs 1,243,759
<br /> Certain fringe benefits (20.18%)* 242,634
<br /> Total estimated increase in recurring costs $ 1,486,393
<br /> *Fringe benefits include estimates for overtime, premium pay, hazard pay, standby, temporary assignment,
<br /> compensatory time, workers' compensation, and unemployment benefits.
<br /> **Actuarially determined contribution rate for classes A and C per ERS annual actuarial valuation dated
<br /> 6/30/98 (most recent available). However, changes made by the most recent legislative session will
<br /> change this £gure, but the new rates are not available yet. In addition, the amount of the County's
<br /> contribution for FY00 is already established and will not change because of this payroll increase.
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