Common use of Proposed Change in Compensation Bargaining Unit Compensation Clause in Contracts

Proposed Change in Compensation Bargaining Unit Compensation. Fiscal Impact of Proposed Agreement (Complete Years 2 and 3 for multiyear and overlapping agreements only) All Funds - Combined Annual Cost Prior to Proposed Settlement Year 1 Increase/(Decrease) Year 2 Increase/(Decrease) Year 3 Increase/(Decrease) 2020-21 2021-22 2022-23 1. Salary Schedule $ 75,797,927 $ 2,273,664 $ 2,341,874 Including Step and Column 3.00% 3.00% 0.00% 2. Other Compensation $ 2,240,709 $ 1,650,865 $ 1,650,865 Stipends, Bonuses, Longevity, Overtime, Differential, Callback or Standby Pay, etc. 73.68% 42.42% 0.00% Description of Other Compensation $1000 Retention 1-time Bonus, Hourly Rate increase $1000 Retention 1-time Bonus, Hourly Rate increase 3. Statutory Benefits - STRS, PERS, FICA, WC, UI, Medicare, etc. $ 17,306,945 $ 870,683 $ 1,006,974 5.03% 5.54% 0.00% 4. Health/Welfare Plans