(DES MOINES) - The Iowa Department of Management today released the following costs associated with the collective bargaining proposal put forth today by the union. If the union proposal were extended to all state employees, the costs from all funding sources would be as follows:
Overall:
Year 1 (FY `14): $122 million increase
Year 2 (FY `15): $159 million increase
Across-the-Board salary increases:
Year 1 (FY `14): $35 million increase
Year 2 (FY `15): $72 million increase
Step salary increases (4.5% average salary increase):
Year 1 (FY `14): $47.4 million increase
Year 2 (FY `15): $45 million increase
Benefits (Health care, retirement, etc.)
Year 1 (FY `14): $39.5 million increase
Year 2 (FY `15): $42 million increase
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