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HomeMy WebLinkAboutExhibitCITY MANAGER Pedro Hernandez PROPOSED SALARY AND BENEFITS Salary Incentive Plan $220,000/year Annual Pay -for -Performance Plan (See note below) Leave Time Vacation Sick Earned Personal Leave Holidays 38 days/year (25.33 hours/month) (Initial credit of 6 months vacation) 12 days/year (8 hours/month) 2 days/year each January. 11 days/year (Payment for all accumulated vacation, personal and sick leave at time of separation.) Insurance Health Life AD&D Other Disability City paid premium City paid premium for 3 X salary Included in Life None Cellular Phone $200/month; $2,400/year Car Allowance $666.66/month; $8,000/year Expense Allowance Reimbursement of reasonable expenses Deferred Compensation 457 $10,000/year Retirement 401(a) 22.27% of Salary if over 50 yrs age - $49,000 Pay -for -Performance Ilan: The City Manager may participate in the annual Pay -for -Performance Plan, which is aligned to the City's strategic plan and Balanced Scorecard. The position of City Manager would be eligible for an annual one-time, lump -sum incentive that is determined by an evaluation score that is then applied to a percentage of base salary. In 2006, the percentage ranged from 2.10% to 9.96%. Example: A score of 3.0 earned a 5.37% incentive. Unless otherwise specified above, all administrative policies on executive benefits apply. Prepared 6/26/06