CC - Agendas - City Council - WORKSHOP - 5/15/2014

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5/14/2014 Retirement Costs, Overtime, and Assignment Pay Estimated Estimated Estimated Estimated Increase In Increase in FY 15 Average Average FY 14 FY15 Contribution FY 15 Budget Increase per Annual Cost Rate Rate Rates Budget Amount Employee per Employee Az State Retirement System (Employees 426) City 11.54% 11.60% 0.06% $ 12,000 $ 2,373,541 $ 27 $ 5,572 Employee 11.54% 11.60% 0.06% 27 5,572 Public Safety Retirement System Fire(Employees 65) City 43.47% 59.66% 16.19% $ 572,000 $ 2,106,682 $ 8,793 $ 32,404 Employee 10.35% 11.05% 0.70% 380 6,002 Police(Employees 72) City 43.98% 50.27% 6.29% $ 279,000 $ 2,232,916 $ 3,881 $ 31,019 Employee 10.35% 11.05% 0.70% 432 6,818 Total $ 863.000 $ 6,713,139 • Pay and Benefits for FY15 ❑ To remain competitive as an employer among its municipal peers, the City must: 1) Identify and take advantage of opportunities for increasing efficiency; and 2) Enhance revenues, particularly in the General Fund ❑ Changes in FY15 to the cost of health insurance and coverages provided through the Yavapai Combined Trust will be absorbed by both the City and its employees ❑ The Pay Plan update to be accomplished in FY15 must be market-driven, realistic, and affordable • Occupational families which are unique or nearly unique to the public sector compete with similar governments(public safety,parks and recreation,library) • Others compete in broader public-private markets(administrative personnel, engineers,inspectors,equipment operators,and other trades) ❑ Our public safety pay plans have traditionally been structured as a series of fixed% steps ❑ Non-public safety pay has been based upon ranges (max and min)for each job type, through which employees move via merit increases ❑ Positions will need to be added and others more closely monitored in order to assure proper compliance with the federal Affordable Care Act(ACA) 10 5