ATTACHMENT 3
AS AMENDED BY CITY COUNCIL ON JUNE 17, 2025
ARTICLE 43 SALARY SCHEDULE
43.1 Effective the first full pay period including July 1, 2024, all unit employees shall receive a seven percent (7%) Cost of Living adjustment (COLA).
43.2 Effective the first full pay period following July 1, 2025, all unit employees shall receive a four percent (4%) COLA.
43.3 Effective the first full pay period following July 1, 2026, all unit employees shall receive a four percent (4%) COLA.
43.4 The City Council reserves its discretion to modify the COLAs set forth in this Article based the City's property tax and/or sales tax revenue growth rates, or for any other lawful reason.
43.5 Market Equity Adjustments
43.5.1 Effective the pay period following July 1, 2025, the City shall increase the base pay for each classification which has a base wage more than ten percent (10%) below market average using the final data provided by the 2024 Gallagher Total Compensation Study ('Study"), by a percentage sufficient (after application of the 7% GSI in July 2024) to bring the classification's base wage to ten percent (10%) below market average. However, no classification will receive a market-based equity adjustment of more than five percent (5%).
43.5.2 Each non-surveyed classification which is tied to a benchmark classification will receive a base wage increase sufficient to maintain the differential recommended by the Gallagher Study.
43.5.3 The market-based equity adjustment will be made in the same pay period as the four percent (4%) GSI. Market-based equity adjustments are independent of the GSI and will be implemented in an additive (non-compounded) foundation.
43.65 A current salary schedule can be found at: https://srcity.org/192/Salaries ARTICLE 44 - SEVERANCE PAY
44.1 The City Manager, or the City Attorney for an employee who reports to the City Attorney, has the discretion to enter into an employment or severance agreement on behalf of the City with any current or future employee in Unit 10 offering the employee severance pay of up to 6 months' salary should the employee be discharged, unless the discharge is for cause. Severance pay agreements shall, to the maximum extent 25