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Trustees review personnel budget: staff propose 3% pool split for COLA and merit amid rising health insurance costs
Summary
HR presented a personnel budget proposal that includes a combined 3 percent pool for cost-of-living and merit increases and insurance premium increases; trustees discussed timing, benchmarks and potential higher COLA given regional trends.
Stephanie Anderson, the town's human resources director, presented the personnel portion of the draft operating budget and explained assumptions driving the proposed staffing costs. Anderson said the draft assumes a combined 3 percent pool that will be split between cost-of-living adjustment (COLA) and merit increases — not 3 percent for each — and that benefit-line estimates reflect newly quoted rates and a 13.5 percent increase from the Colorado Employers Benefit Trust (CEBT) over…
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