ATTACHMENT B
Estimated Cost of the Contract with PTEANB
11-58
FY 2024/25 FY 2025/261 FY 2026/27 FY 2027/28
Key Contract Terms
Salary Adjustments
CalPERS Employee Pickup 11.5%
Cafeteria Plan Benefits
Summary of Proposal Cost2
Baseline Compensation
Base Pay 6,741,591$ 420,918$ 707,418$ 930,888$ Supplemental Pays 8,320 ‐ ‐ ‐
Overtime 18,567 928 1,708 2,316
Pension Contribution 130,307 81,650 90,111 96,710 Cafeteria Plan 32,700 26,568 54,465 55,826
Other City Paid Benefits3 237,120 21,936 36,875 48,527 Total 7,168,605$ 552,000$ 890,576$ 1,134,268$ Cumulative Impact on Employee Compensation
Base Salary Increase4
6.24% 10.49% 13.81%
Total Compensation Increase5
7.70% 12.42% 15.82%
Key Contract Terms
Salary Adjustments 454,640 762,488 1,002,609 CalPERS Employee Pickup 70,792 73,624 75,832
Cafeteria Plan 26,568 54,465 55,826
Total 552,000$ 890,576$ 1,134,268$
Notes
3Includes Medicare, PARS/CalPERS, Cafeteria Plan, Retiree Health Savings, and Flex Leave. 4Percentage shown in each year is as compared to current base salary, not the prior year. 5Measured 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.
Reduce employee contributions to 8%
City of Newport Beach
Part‐Time Employees Association of Newport Beach
2Costs shown in years two and three reflect the cumulative budget impact in each year as compared to the current budgeted amounts.
Provide cafeteria plan benefits to all employees
within the association.
Part‐time salary schedules will align with the base
hourly rates of equivalent full‐time positions.
Employees will be placed at the full‐time step closest
to their current salary, whether higher or lower.
Part‐time salary adjustments will mirror those of the
equivalent full‐time positions.
Part‐time positions aligned with Newport Beach City
Employees Association classifications will receive a
4% equity adjustment.
1Costs shown for FY 2025/26 reflect a full year of costs associated with the increase in compensation over the prior year, even though the agreement will not take effect until August 23, 2025. 11-59