Current Year 1 3 Year 2 Year 3 Year 4 Total Contract
Cost of Living Adjustment upon implementation 5.00%
Cost of Living Adjustment tied to K&M 2.00% 2.00% 2.00% 2.00% Other Proposals
457b Contribution 1.50% 2.50% 1.50% 1.50% 1.50%
401a Contribution 2.00%
Baseline Compensation
Base
Pay $158,847 $9,039 $11,278 $14,681 $18,151 $53,149
Supplemental Pays 4,800 - - - - -
Pension Contribution 6,627 377 471 612 757 2,217 Cafeteria Plan 20,700 - - - - -
Other City Paid Benefits 1 12,701 447 558 727 898 2,631 SubTotal $203,675 $9,864 $12,307 $16,020 $19,807 $57,997 Other Proposals
457b Contribution 2,383 1,679 1,679 1,679 1,679 6,715 401a Contribution 3,177 - - - - -
SubTotal 5,560 1,679 1,679 1,679 1,679 6,715 Total 209,235$ 11,542$ 13,986$ 17,699$ 21,486$ 64,713$ Base Salary Increase 5.69% 7.10% 9.24% 11.43%
Total Compensation Increase 2 5.52% 6.68% 8.46% 10.27%
2 Measured based on the total of all pay and benefits.
3 Costs are based on the contract year, and not the fiscal year. Therefore the budget amendment required on approval will be of a lesser amount.
Cumulative Impact on Employee Compensation
Notes
1 Includes Medicare, compensated absences, employee assistance program, phone allowances, life insurance, and retiree health savings.
City of Newport Beach
City Clerk Contract Negotiations
April 19, 2022
Key Contract Terms
Summary of Proposal Cost
No change, tied to Executive Management
ATTACHMENT C
11-22