fluctuates little and the number is around 9% this year. Any increase to pay
results in a marginal amount of IMRF additional employer contribution
obligation. Increases would create incremental additional pension
obligation.
Trustee Robinson asked if a review is being built into the ordinance or if
that is something the Board will agree to do separate from the ordinance.
Trustee Wesley said it is not in the current ordinance. The understanding is
that the Board would do this on a regular basis going forward if it is the will
of the Board. She said she would like to know more detail about the
pension from the individual increase which gets compounded because it
could have a new person in it every four years. She said she would want to
know both from the individual incremental addition and also cumulatively
over a four, eight, 12, 16 year period in having a number of different
individuals qualify for that pension at the higher salary point.
Trustee Straw said he would like to have it indexed to some other measure
but for simplicity's sake today, he would put it at 3% which is what it has
generally been over the last 10-15 years according to the Bureau of Labor
Statistics Employment Cost Index (ECI). This is designed to be a full-time
position. If we hold it steady, we are expecting whoever is elected to this
role to take a pay cut of 12.5% over the next four years. We want someone
who is competent to operate as a professional in a sophisticated
organization and who can support their family on this income over the next
four years. He said he supports having an annual increase in the ordinance,
whether it is indexed to inflation or a flat 3%.
Trustee Parakkat said he is supportive of the annual adjustment. He said
he would have been a lot more comfortable with the 10-15% increase on
the previous salary which would be in the $85K-$90K range. On that basis
he was comfortable with an adjustment on a periodic basis. What we have
now is a base of $107K and then this adjustment on top of that.
Trustee Enyia said he agrees with a 3% annual increase.
Trustee Wesley said he is also in agreement with a 3% annual increase or
indexing it to an inflation tracking index like the ECI. For expediency's sake,
he said 3% seems to be something we can get around and then we can
discuss what the appropriate metric should be going forward. The Clerk is
a full-time position and unlike the Trustees, the Clerk is not expected to
have a second job. We would not hire any other position in our village and
say this is your salary for the next four years. He said he is strongly
supportive of a 3% increase over the next three years as previously written
in the ordinance.
Manager Jackson said an amendment would need to be made to the
motion to add the 3% and a limit to this term.