| |  |  |  Compensation & Benefits
Starting Salary: $4160 per month*
While in the academy *Effective April 1, 2006 COMPENSATION AND BENEFITS: *$55,476 - $68,688 annually upon academy graduation Full pay while training in the 40 hour / week Police Recruit Academy Excellent fringe benefits package Retirement 3% at 50 (P.E.R.S.) Excellent Promotional Opportunities
| Contract Fact Sheet |  |
Term: 4 year contract. October 1st 2005 thru September 30th 2009.
Pay Raises:
Gross Net
1st year | Oct 05 Apr 06 | 3% 3%--1% to PERS | 3% 2% | 6% in pay increases minus the 1% to PERS leaves a net 5% pay raise year 1 | 2nd year | Oct 06 Apr 07 | 3% 3%--1% to PERS | 3% 2% | 6% in pay increases minus the 1% to PERS leaves a net 5% pay raise year 2 | 3rd year | Oct 07 | 3% | 3% |
| 4th year | Oct 08 Apr 09 Sep 09 | 2% 2% 2% minimum | 2% 2% 2% | 6% guaranteed during 4th year. The Last raise in 09 is a min of 2% or the median by rank, whichever is higher. | Guaranteed raises | 21% | 19% | Can’t be less, could be more. |
This contract has more money up front, the PERS pick up has been pushed back, there is a guaranteed pay raise with the median adjustment, and it gets to the median a year sooner. The September 09 pay raise will be a minimum of 2% or median adjustment by rank, whichever is higher. It is highly probable that Officers will receive more than the minimum 2%. The guaranteed pay raises result in the following increases:
| Hourly | O.T. rate | Monthly | Annual | Rank | Gross | Net | Net | Gross | Net | Gross | Net | Officer | $6.73 | $5.52 | $10.10 | $1,167 | $958 | $14,057 | $11,535 | Sergeant | $8.79 | $7.36 | $13.19 | $1,524 | $1,277 | $18,361 | $15,379 | Lieutenant | $10.11 | $8.54 | $15.17 | $1,753 | $1,481 | $21,119 | $17,842 |
The net numbers take into account paying 2% to PERS and the maximum allowed |
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