Esti
mated Cost of K&M Plan
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ATTACHMENT B
Current FY 2025/26 FY 2026/27 FY 2027/28
COLA 5% 4% 3%
Medical Insurance
CalPERS Employee Pickup
Holiday Pays
Holiday Closure Leave
Baseline Compensation
Base
Pay $16,692,294 $834,615 $1,535,691 $2,082,531
Supplemental Pays 46,501 110,954 116,953 121,633 Overtime 26,890 1,345 2,474 3,355
Pension Contribution 1,283,259 620,686 696,843 756,246 Cafeteria Plan 2,021,286 116,878 116,878 116,878 Other City Paid Benefits2 1,304,537 46,900 85,031 114,774 Total $21,374,767 $1,731,377 $2,553,871 $3,195,416
Base Salary Increase3 5.00% 9.20% 12.48%
Total Compensation Increase4 8.10% 11.95% 14.95%
COLA 948,973 1,744,846 2,365,627
Holiday Pays 21,801 22,673 23,353
Holiday Closure Leave 87,203 90,691 93,412
Medical Insurance 116,878 116,878 116,878
CalPERS Employee Pickup 556,523 578,784 596,147 Total 1,731,377 $2,553,871 $3,195,416
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.
City of Newport Beach
K&M Compensation Plan
Key Contract Terms
Summary of Proposal Cost 1
Increase by $300/Month, no cash back
5The costs shown reflect additional annual expenses for the corresponding fiscal years.
Notes
Reduce EE Contribution to 8%
Cumulative Impact on Employee Compensation
Key Contract Terms
Christmas Eve & New Years Eve full pay
3 Days
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