Laserfiche WebLink
Kari Collins <br /> From: Dona Bacon <br /> Sent: Monday,June 03, 2013 12:47 PM <br /> To: Pat Trudgeon; Kari Collins <br /> Subject: FW: Benefits impacts to Budget for Compensation Study Recommendations Implementation <br /> Bench handout tonight. <br /> Original Message <br /> From: Dona Bacon <br /> Sent: Monday,June 03, 2013 11:54 AM <br /> To: Dona Bacon <br /> Subject: Benefits impacts to Budget for Compensation Study Recommendations Implementation <br /> Here are the percentages for the benefits that would be affected by a change in pay: <br /> FICA—6.2% <br /> Medicare—1.45% <br /> PERA-7.25% <br /> LTD, STD, and PTO if used get paid to the employee at the new pay rate. Otherwise no changes to any other benefits <br /> based on a salary increase. <br /> EXAMPLE: <br /> Employee currently making$27.00 <br /> Compensation Study Recommendations Implemented - results in 4.6% pay increase. <br /> New pay rate-$28.24 per hour <br /> City increased cost to benefits of PERA, Medicare, and FICA-$18.5 cents per hour increase to cost of City budget. <br /> Confidentiality Statement:The documents accompanying this transmission contain confidential information that is <br /> legally privileged. This information is intended only for the use of the individuals or entities listed above. If you are not <br /> the intended recipient,you are hereby notified that any disclosure, copying, distribution, or action taken in reliance on <br /> the contents of these documents is strictly prohibited. If you have received this information in error, please notify the <br /> sender immediately and arrange for the return or destruction of these documents. <br /> 1 <br />