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2 <br />FINANCIAL IMPACT: The annualized cost to implement options related to employee pay <br />including the Archer study should not be more than 10% of current permanent salaries and <br />associated benefits or around $3.9 to $4.1 million. This estimated cost will depend on the level <br />of implementation of the classification, pay and benefits recommendations and the specific <br />timetable for implementing these recommendations. The annualized increase in benefits cost <br />for health care premiums should not be more than 11 % or between $450,000 and $500,000. <br />Based on the options under consideration, this percentage could be reduced. A <br />recommendation for an increase in the County contribution to the Prudential 401 k plan is also <br />under consideration. <br />RECOMMENDATION(S): The Manager recommends that the Board of County Commissioners <br />accept the report and discuss options for the Orange County comprehensive salary and <br />benefits compensation plan. <br />