BACKGROUND (CONT'D)
A one-time Market Equity adjustment for all classifications of 5% effective the first full pay period following Board ratification. The Executive Director will not receive this adjustment.
A 2.5% cost of living adjustment (COLA) with an effective date that coincides with represented staff’s COLA beginning July 24, 2021.
A 2.5% cost of living adjustment effective the first full pay period including July 1, 2022.
A 2.5% cost of living adjustment effective the first full pay period including July 1, 2023.
Effective January 1, 2022, increase life insurance benefit from $40k to $57k.
Effective January 1, 2022, Management Leave increase from 60 to 90 hours.
Effective January 1, 2022, HACCC will increase deferred compensation (457b Empower) contribution from $60 to $85 per month to each eligible employee.
Allow for unrepresented employees to telecommute pending agency telecommuting policy.
Unrepresented employees will work 4/10 work schedules.
FISCAL IMPACT
The Housing Authority’s current budget provides for the proposed changes in the economic terms. Assuming current HUD funding levels, staff project that HACCC’s reserve levels will not be decreased by the proposed salary and benefit modifications for unrepresented employees.
CONSEQUENCE OF NEGATIVE ACTION
Should the Board elect not to adopt these actions, HACCC’s unrepresented staff would be denied wage enhancements negotiated in good faith and calculated to be affordable to the agency. Unrepresented staff would be denied wage increases that was granted to represented staff on August 10, 2021.