Special Public Meeting — Packet

APPENDIX 2 - SALARY RANGES - NON UNIFORM TITLES - MANAGEMENT - EXEMPT EMPLOYEES TIER % FROM TO MINIMUM 1 2 3 4 5 6 7 8 9 MAXIMUM STEPS INCREMENTHRS/WEEK L 1.50% 1/1/2024 6/30/2024 230,789 230,789 230,789 230,789 230,789 230,789 230,789 230,789 230,789 230,789 230,789 0 - 1,820 L 1.50% 7/1/2024 12/31/2024 234,251 234,251 234,251 234,251 234,251 234,251 234,251 234,251 234,251 234,251 234,251 0 - 1,820 L 3.00% 1/1/2025 12/31/2025 241,279 241,279 241,279 241,279 241,279 241,279 241,279 241,279 241,279 241,279 241,279 0 - 1,820 L 3.00% 1/1/2026 12/31/2026 248,517 248,517 248,517 248,517 248,517 248,517 248,517 248,517 248,517 248,517 248,517 0 - 1,820 L 3.00% 1/1/2027 12/31/2027 255,973 255,973 255,973 255,973 255,973 255,973 255,973 255,973 255,973 255,973 255,973 0 - 1,820 L 3.00% 1/1/2028 12/31/2028 263,652 263,652 263,652 263,652 263,652 263,652 263,652 263,652 263,652 263,652 263,652 0 - 1,820 L 3.00% 1/1/2029 12/31/2029 271,561 271,561 271,561 271,561 271,561 271,561 271,561 271,561 271,561 271,561 271,561 0 - 1,820 Additional Pensionable Compensation Longevity Payments between 2% and 10% of pensionable salaries are limited to those employees eligible under a negotiated agreement or by Township Ordinance Supplemental maximum 457(b) and Retirement Health Benefit pensionable salaries are limited to those employees eligible under a negotiated agreement or by Township Ordinance FROM TO AMOUNT / % OF SALARY / CONTRACT STATUS * Holiday Pay 1/1/2024 12/31/2029 ** Police Stipend 1/1/2024 12/31/2029 *** Contract 1/1/2024 12/31/2029 457 Plan Contribution in Lieu of Retirement Pension Up to 10.5% of Salary 7% 4,500 Negotiated Contract in effect Page 54 of 160