PFRDA

Estimate the city’s full cost of the fire department labor during 200X fiscal year.?

The following personnel information about the Marshal Fire Department for the fiscal year that begins January 1, 200X, is to be used. Employee Grade__Number in Grade__Salary______ Chief------------------------- 1--------------- $105,000 Shift Commander-------- 3----------------- 70,000 Firefighter 1--------------- 12--------------- 39,000 Firefighter 2--------------- 26--------------- 30,000 Clerical (part-time)------- 3--------------- 15,000 The city is part of the federal Social Security system. For 200X, the city and the employee each pay Social Security payroll taxes of 6.2 percent of all salary paid up to $90,000 per employee to finance federal retirement and disability insurance and 1.45 percent of all salary paid to finance Medicare. The city pays a portion of the cost of health insurance for each full-time employee, an amount equal to $180 per month. Employees on the payroll after June 30, 200X, regardless of hiring date, are part of a new pension system financed by a city payment of 20 percent of the employee’s salary and employee payment of 5 percent of the employee’s salary on pay received after that date. Payments up to that date were made by state appropriations from state tobacco tax revenue. Full-time employees received an allowance for uniforms of $750 per year. Estimate the city’s full cost of the fire department labor during 200X fiscal year, assuming no change in staffing. Separate that cost into salary and fringe benefit components.

Public Comments

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