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IA Dept. of Management releases cost of union bargaining proposal

(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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