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• <br />• Town of Chapel Hill provides such coverage on the same basis as for a retiring part time <br />employee. <br />• Dufiam County provides such coverage after three terms (six years) with the County paying <br />100 percent of the cost. <br />• Wake County provides such coverage at age 62 with the County paying 50 percent of the <br />cost if the Commissioner serves one term (four years) and 100 percent of the cost if the <br />Commissioner serves two or more terms (eight years). <br />FINANCIAL IMPACT: The fiscal year 2003-04 costs of the salary adjustments equivalent to the <br />service based increases under the Classification and Pay Study is about $1760. Of this $1,470 <br />is the cost for the 2.5 percent salary adjustment effective July 1, 2003 and $290 is the cost of <br />the Phase 2 adjustment of 2.5 percent effective April 26, 2003, if authorized. The cost of the <br />health insurance continuation benefit would be the cost of the County contribution for health <br />insurance, if a Commissioner became eligible and elected to participate in this coverage. No <br />cost is projected for 2003-04. <br />RECOMMENDATION(S): The Manager recommends that the Board adopt the revised policies <br />on Commissioners' Salary Adjustments and County Contribution for Commissioners Benefits as <br />• shown in Attachments 1 and 2 effective July 1, 2003 and direct staff to incorporate the specific <br />amounts in the Budget Ordinance for 2003-04. <br />• <br />