ATTACHMENT B
Costing
7-62
Current FY 2025/26 FY 2026/27 FY 2027/28
COLA 5% 4% 3%
Medical Insurance
Standby Pay $8/Hour
Certification Pay Various
CalPERS Employee Pickup
Baseline Compensation
Base Pay $9,470,107 $473,505 $871,250 $1,181,491
Supplemental Pays 116,985 14,348 14,348 14,348 Overtime 1,403,728 154,030 205,162 245,044 Pension Contribution 647,129 395,083 434,156 464,632 Cafeteria Plan 2,208,828 105,411 105,411 105,411 Other City Paid Benefits2 848,314 25,880 46,310 62,245 Total $14,695,091 $1,168,257 $1,676,635 $2,073,170
Base Salary Increase3 5.00% 9.20% 12.48%
Total Compensation Increase4 7.95% 11.41% 14.11%
COLA 607,312 1,101,769 1,487,445
Medical Insurance 105,411 105,411 105,411 Standby Pay 93,160 93,160 93,160 Existing Certification Pay Increase 12,632 12,632 12,632 New Certification Pays 1,716 1,716 1,716 CalPERS Employee Pickup 348,026 361,947 372,806 Total $1,168,257 $1,676,635 $2,073,170
City of Newport Beach
League MOU
Key Contract Terms
Summary of Proposal Cost 1
Increase by $300/Month
$12/Hour
Increase all existing certification pays by 30%
Add CWEA Electrical & Instrumentation Technologist Cert - $143 Add CNG Fuel System Inspector Certification - $143
Add ISA Tree Risk Assessment Qualification - $143
Add FAA Remote Pilot Certificate - $143
Notes
1 Costs shown in years two and three reflect the cumulative budget impact in each year as compared to the current budgeted amounts. 2 Includes Medicare, Compensated Absences, Retiree Health Savings, Life Insurance, EAP. 3 Percentage shown in each year is as compared to current base salary, not the prior year. 4 Measured based on the total of all pay and benefits. Percentage shown in each year is as compared to current total compensation, not the prior year.
5 The costs shown reflect additional annual expenses in their corresponding fiscal years. Since the contract will take effect on June 14, 2025, the additional expense for FY 2024/25 is $31,563.
Reduce EE Contribution to 8%
Cumulative Impact on Employee Compensation
Key Contract Terms
7-63