HomeMy Public PortalAbout2002-49 Establishing a Policy for an Annual Employee Cost of Living AdjustmentRESOLUTION NO. 2002-49
A RESOLUTION OF THE VILLAGE COUNCIL OF THE
VILLAGE OF KEY BISCAYNE, FLORIDA; ESTABLISHING
A POLICY FOR AN ANNUAL EMPLOYEE COST OF LIVING
ADJUSTMENT; PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, the U.S. Department of Labor, Bureau of Labor Statistics is the nationally
recognized benchmark for providing cost of living data; and
WHEREAS, timely and regional cost of living data is necessary to properly plan for
budgetary purposes.
NOW, THEREFORE, BE IT RESOLVED BY THE VILLAGE COUNCIL OF THE
VILLAGE OF KEY BISCAYNE, FLORIDA AS FOLLOWS:
Section 1. That the Village Manager will use the U.S. Department of Labor, Bureau of Labor
Statistics data for the Miami - Ft. Lauderdale area in determining the proposed annual cost of living
adjustment for all Village employees.
Section 2. That in making calculations for determining the appropriate percentage
adjustment, the yearly May figures will be used to allow for proper budget preparation time
requirements.
Section 3. This resolution shall take effect immediately upon adoption.
PASSED AND ADOPTED this 26th day of November , 2002.
/1-0(44t(vil�
MAYOR ROBERT OLDAKOWSKI
HITA H. ALVAREZ, CMC, VILLAGE CLE
APPROVED AS TO FORM AND LEGAL SUFFICI
\/-1\-4-"--)
S
RICHARD JAY WEISS, VILLAGE ATTORNEY