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Salary $203,000 $203,000 $203,000 $213,000 $223,000 $130,083
<br /> MIP 11,848 12,122 12,387 13,235 14,088 8,383
<br /> Opt-Out 7,500 18,000 18,000 18,000 18,000 10,500
<br /> Medical 4,475 0 0 0 0 0
<br /> Bonus 22,300 0 0 0 0 0
<br /> CPI Increase 2,602 7,114 11,716 16,410 21,198 15,215
<br /> Addl PERS 6,723 2,063 3,632 5,415 7,419 5,629
<br /> PERS 54,810 58,870 62,930 70,290 78,050 48,131
<br /> EPMC 0 0 0 0 0 0
<br /> Total $313,259 $301,169 $311,665 $336,351 $361,756 $217,941
<br /> New contract start date is 2/1/15 and end date is 1/30/20.
<br /> CPI for 2014 is 2.8%/year and projected to increase at 2% thereafter.
<br /> CM's voluntary $20,000 annual commitment over 5 years ends 12/31/17
<br /> Opt-Out is City base payment to City Manager for all medical premiums, which he can use to cover
<br /> medical, dental and vision.
<br /> EPMC is employer paid member contribution; CM will continue to pay his full share.
<br /> CM's effective salary beginning 2/1/15 is $209,245; $8,718.5 is gross salary per pay period.
<br /> MIP = Management Incentive Pay is 120 hours at the effective salary hourly rate, which would be
<br /> added to the CM compensation.
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