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June 30, 1993 <br /> PROPOSED 1993-94 COST-OF-LIVING <br /> INCREASE OF NEARBY PUBLIC EMPLOYERS <br /> COST-OF-LIVING <br /> EMPLOYER PERCENT DATE OTHER HIGHLIGHTS <br /> CARRBORO 3.0 7/1/93 Continue 2% of annual salary 401(k) Contribution/Increase <br /> service level pay <br /> CARY 2 .5 7/11/93 Class and Pay Study Impl. /Continue 5% of annual salary 401 (k) <br /> Contribution <br /> CHAPEL HILL 3.75 to 9/1/93 Continue 5% of annual salary 401(k) plan contribution <br /> 2 based <br /> on grade <br /> DURHAM (CITY) 3 .0 7/5/93 Continue 5% of annual salary 401(k) Contribution <br /> DURHAM COUNTY 5.0 * Continue 5% of annual salary 401(k) Contribution/Add bonus <br /> payable if budget surplus/Class and Pay Study Implementation <br /> *For employees with 2 years service, effective 7-1-93. For <br /> employees with 1-2 years service, 2.5 on 7-1 and 2 .5 on <br /> anniversary date. For employees with less than 1 year, <br /> 2.5 on anniversary date. <br /> RALEIGH 2 .5 8/7/93 Continue deferred compensation (457) matching contribution up to <br /> 1.75% of annual salary/Reduce Longevity Pay for new staff to 1% <br /> at 5 years and 2% at 10 years. <br /> rt <br /> ct <br /> rt <br /> w <br /> WAKE COUNTY 2 .5 7/1/93 Continue 5% of annual salary 401(k) Contribution 0 <br /> m <br /> r* <br /> ORANGE COUNTY 2 . 0 7/5/93 Extend Longevity Pay eligibility to 10 years <br /> :chart.doc <br />